Trump targets Brazil with a 50% tariff
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Retail sales volumes in Brazil fell unexpectedly in May from the previous month, data from statistics agency IBGE showed on Tuesday, corroborating views of an economic slowdown after industrial production also slipped in the period.
The ministry's economic policy secretariat now expects Brazil's gross domestic product to grow 2.5% in 2025, up from the 2.4% estimated in May. For 2026, the forecast was revised down to 2.4% from 2.5%.
Brazil's economy is holding up well with 2025 GDP forecasted to grow at +2.3%. Brazil’s inflation is currently elevated from its central bank’s target inflation rate, but is expected to decline from 5.6% in 2025 to 4.4% in 2026. Amid global uncertainty ...
LONDON/NEW YORK, July 10 (Reuters) - U.S. consumers face sharp price rises on food staples like coffee and orange juice if the Trump administration sticks to its plan to slap 50% tariffs on all imports from Brazil, traders and experts said on Thursday.
In response to US President Trump's proposed 50% tariffs on Brazilian imports, President Lula da Silva vows to implement Brazil's Economic Reciprocity Law if negotiations fail. Discover what this law entails and its implications for US-Brazil trade relations.
Following Nvidia's surge to a $4 trillion valuation, U.S. stock futures saw a decline as investor attention shifted to key economic data and trade talks. Trump announced tariffs impacting Brazilian firms,
The U.S. dollar slipped further from a two-week high versus major peers on Thursday, as President Donald Trump's latest tariff salvos failed to shake markets, except in Brazil where a threatened 50% levy sent the real sliding as much as 2.
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Cryptopolitan on MSNXi and Putin miss BRICS meeting in Brazil amid economic and geopolitical strugglesXi Jinping and Vladimir Putin were both missing from the BRICS summit that kicked off Sunday in Rio de Janeiro, hosted by Brazilian President Luiz Inacio Lula
Brazil’s UN climate summit chief has defended oil and gas production as being compatible with international efforts to limit global warming, ahead of the South American country hosting the world’s most important climate talks.