Jul. 11 at 4:29 PM
$MELI hit by Trump's tariff on Brazilian imports — what's next?
The stock dipped 3% after the announcement, with concerns over Brazil's economy and potential impacts on e-commerce demand. Despite these headwinds, MELI plans a massive
$5.8B investment in Brazil for 2025, a 48% increase from last year, to bolster its market position.
Opportunity assessment here 👉 https://www.zacks.com/stock/news/2574116/tariffs-hit-brazil-can-meli-maintain-momentum-in-its-biggest-market?cid=sm-stocktwits-2-2574116-body-1421&ADID=SYND_STOCKTWITS_TWEET_2_2574116_BODY_1421