While President Trump’s use of tariffs against Brazil has not released his political ally Jair Bolsonaro from house arrest, the levies do appear to have more success for America’s largest tech companies as they seek to influence the rules governing them, Ana Ionova of The New York Times reports. Brazil’s lead negotiator, Vice President Geraldo Alckmin, has indicated the country is willing to discuss the matter of Big Tech “to overcome” the problem of the 50% U.S. levies. Brazil’s efforts against online falsehoods have led the country to be at odds with digital platforms, which argue efforts by the country infringe on free speech. Publicly traded companies in the space include Meta Platforms (META), Google (GOOGL), Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta Platforms: Balancing Revenue Growth with Concerns Over Free Cash Flow and Stock-Based Compensation
- Berkshire Hathaway (BRK.B) Board Member Sells Company Stock
- ‘Earnings Growth Is Already Priced In,’ Says Analyst after Dowgrading Meta Stock
- DA Davidson technology analysts hold an analyst/industry conference call
- Option traders moderately bearish in Meta Platforms (Facebook) with shares down 0.15%
