The chances of a near-term de-escalation between the U.S. and Brazil are low, Morningstar analysts said, adding the bilateral relationship is likely to deteriorate further.
www.cnbc.com
The U.S. Secretary of State Marco Rubio on Thursday said the U.S. will "respond accordingly" to what he called a "witch hunt" against former Brazilian President Jair Bolsonaro, without specifying how.
The remarks came shortly after Brazil's Supreme Court sentenced Bolsonaro to 27 years and three months in prison after being convicted of plotting a coup to overturn the 2022 election.