he knows perfectly well how much this charlatan will stop profiting from the launch of the BRICs

The reaction of the Brazilian government to the 50% tariffs on Brazilian products announced by American President Donald Trump may have a greater effect on the economy than the increase in rates itself. One of the main effects may come in inflation. Trump has already threatened to react strongly and double the tariff if Brazil retaliates, escalating the diplomatic and commercial deadlock.
The chief economist of XP Investimentos, Caio Megale, says that mainly chemical products, medications, and aviation kerosene will be affected, which will slightly pressure inflation upwards. This should lead the Central Bank to postpone the start of the rate-cutting cycle initially expected for January by the consultancy. “The Central Bank will have to be, at a minimum, more conservative.” The market's signal was that the reduction of the Selic rate would begin between the end of this year and the beginning of the next.
BTG Pactual also warns of “important risks” from Brazilian retaliation, especially the increase in uncertainties. “Retaliations tend to be inefficient and can trigger a difficult-to-reverse escalation of trade tensions, in addition to putting pressure on inflation,” says the institution's report.