With food prices putting pressure on inflation â and consequently on the popularity of President Luiz InĂĄcio Lula da Silva â the government announced on Thursday night, the 6th, measures to try to lower prices. They were presented by Vice President Geraldo Alckmin, who announced the elimination of the import tax on various foods in an attempt to reduce the price of certain items, such as meat, coffee, sugar, and corn.
In addition to the elimination of the tax, Alckmin stated that the Ministry of Agriculture will expedite the analysis of phytosanitary issues concerning other countries that trade with Brazil. "Sometimes there are countries that cannot sell to Brazil, but we will expedite the analysis of this issue," he explained.
The Vice President also announced other measures, such as incentives and prioritization for the basic basket in the Harvest Plan and strengthening the regulatory stocks by the National Supply Company.
Alckmin asserted that the decision to eliminate the import tax on some products should not harm local producers. In his assessment, there will be no harm to producers, but a benefit to consumers.
"We are at a moment where reducing the import tax helps to lower the price. We are not replacing; we are complementing," Alckmin stated at the press conference where the measures were announced.
Daily chart candle⌠shame on you for that analysis
Bart Xrpezeiro
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$XRP what a cumulative flag is this my dear??? This is going to pass the moon and find an unknown planet! There will be a shortage of screen and fingers to follow this chart! That blah blah blah of crypto winter is amateur influencer stuff! I wouldn't dare to be left off this rocket!!! Go XRP!!!!
Volatility is one thing, manipulation is another. You should be calm because you must have invested pocket change here... If you had invested heavily, you wouldn't be talking nonsense.
With a fall like that, one loses credibility for sure
SilasPiu 2112
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$SOL has lost the trust of investors. Of course they made money with the sardines, raising the currency about 3 times and dropping it now I ask those who follow have the courage to keep SOL after these manipulations? Going back to $8 will steal the dog.