
Brazilian President Jair Bolsonaro's approval rating plunged in March, a poll showed Wednesday, after a series of political scandals tarnished his anti-corruption image.

United States president Donald Trump and Brazil’s new leader Jair Bolsonaro forged a bond over their shared brand of conservative and populist politics on Tuesday, with Trump pledging to give more U.S. support to Brazil’s global ambitions.

The United States and Brazil have agreed to steps aimed at lowering barriers to agricultural trade, focusing on wheat, pork and beef, the presidents of the two nations said in a joint statement on Tuesday.

Brazilian stocks topped 100,000 points for the first time Monday, on hopes for progress in President Jair Bolsonaro's promised pro-market reforms. The Ibovespa, the country's main index in Sao Paulo, hit an intra-day record of 100,037.69 before closing at its highest level ever of 99,993.93, up 0.86% from the previous trading session.

Brazilian President Jair Bolsonaro, on his first official visit to Washington, declared himself an unabashed admirer of the United States and said he was seeking a new era of close relations after what he called decades of anti-American leaders.

The Brazilian government on Monday waived visa requirements for visitors from the United States, Canada, Australia and Japan, a measure to boost tourism that was first temporarily adopted before the Rio Olympics in 2016.

Spain’s Aena SME SA and Switzerland’s Flughafen Zuerich AG last Friday won the right to operate two key Brazilian airport groups, in one of the first tests of President Jair Bolsonaro’s ability to draw foreign investment.

Brazilian President Jair Bolsonaro arrived in Washington on Sunday to meet with his U.S. counterpart, Donald Trump, and cement a conservative-populist alliance that, in part, aims to ramp up pressure on Venezuela.

Brazil is considering granting an import quota of 750,000 metric tons of U.S. wheat per year without tariffs in exchange for other trade concessions, according to Brazilian officials. That is about 10% of Brazilian annual wheat imports and is part of a two-decade-old commitment to import 750,000 metric tons of wheat a year free of tariffs that Brazil made — but never kept — during the World Trade Organization's Uruguay Round of talks on agriculture.

The United States will strengthen military ties with Brazil to a level usually reserved for NATO allies during President Jair Bolsonaro's visit to Washington next week, boosting growing cooperation between the Americas' two largest militaries, Brazilian government officials said on Thursday.