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A Latin American Brexit? Analyzing Brazil’s Threat on Mercosur

  • Bolsonaro mulled leaving trade bloc if Macri loses elections
  • Mercosur recently struck a trade deal with European Union
The Port of Rio de Janeiro in Rio de Janeiro, Brazil.

The Port of Rio de Janeiro in Rio de Janeiro, Brazil.

Photographer: Dado Galdieri/Bloomberg

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It may not be as politically toxic as the United Kingdom’s efforts to leave the European Union, but President Jair Bolsonaro’s threat to leave Mercosur could prove almost as complicated and costly.