The demand for beef and leather has meant that huge tracts of land in the rainforest have been cleared cattle ranches, possibly a major reason for the fires.
The Amazon, which covers eight countries and covers 40% of South America, is often referred to as "the lungs of the planet," as it is estimated that nearly 20% of the Earth's oxygen produced comes from the rainforest. The Amazon also releases an enormous amount of water into the atmosphere and regulates global temperatures.
But Bolsonaro has wrestled with the world powers over the flames, which are over 80,000 this year – especially during a violent G7 meeting in France this week.
The president's special communications office told CNN on Tuesday morning that Brazil would reject the $ 20 million aid that had been pledged to the Amazon the day before at the G7 summit in France.
The President has since softened his stance on financial aid and suggests that the G7 be considered aid if French President Emmanuel Macron apologized for having accused Bolsonaro of "lying" about climate commitments during the trade negotiations.
The UK government, which is a member of the G7, has since also granted $ 12 million in aid.  Bolsonaro has repeatedly insisted that the Amazon be opened up for development, and paid the authorities responsible for tackling illegal activities but denied allegations that he was partially responsible for these activities.
CNN's Shasta Darlington, Florencia Trucco, Jaide Garcia and Bianca Britton contributed to the coverage.