As Brazil’s Luiz Inacio Lula da Silva and Donald Trump trade blows, the person they are fighting over has sent mixed signals to investors trying to divine who will blink first.

Brazil’s President forcefully rebuked Trump after the U.S. leader called the prosecution of Lula’s predecessor, Bolsonaro, a “witch hunt” and hiked tariffs on the Latin American nation.

Thousands took to the streets of São Paulo’s Avenida Paulista demanding tax reform and economic justice in Brazil. Organized by leftist groups and the Homeless Workers’ Movement, the demonstration called for taxing the rich,