Bolsonaro Concedes Brazil Election After Trump Declines Support

courrierinternational.com (French) —

Brazilian President-elect Lula defeated incumbent Flávio Bolsonaro by over four million votes in Sunday's election, a result Bolsonaro conceded after US President Donald Trump suggested he would not help challenge it. Trump called the vote "rigged" and "corrupt" but noted he gets along with Lula. Bolsonaro abandoned plans to seek election annulment, instead pursuing legal action against Lula for alleged abuse of power, a move the Washington Post notes rarely succeeds. Brazilian markets plunged Monday, with the Bovespa index falling 10% and the real dropping 8% against the dollar, its worst decline since 1999, as investors worried about Lula's economic policies.


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