Since last month’s announcement of new 25% tariffs against all goods entering the United States from Brazil by President Trump, chances on Polymarket that President Luiz Inácio Lula da Silva will win the upcoming Brazilian Presidential Election over Flávio Bolsonaro have steadily increased, with his chances currently hovering around 64%.

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Since last month’s announcement of new 25% tariffs against all goods entering the United States from Brazil by President Trump, chances on Polymarket that President Luiz Inácio Lula da Silva will win the upcoming Brazilian Presidential Election over Flávio Bolsonaro have steadily increased, with his chances currently hovering around 64%.