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Brazil seeks to avoid trade escalation as new US tariffs raise economic concerns

Brazil is adopting a cautious approach in response to new US tariffs, seeking to defend its economic interests while avoiding a broader trade confrontation that could put additional pressure on businesses and consumers. The United States is expected to introduce an additional 25% tariff on certain Brazilian......

US imposes 25% tariffs on selected Brazilian imports as trade tensions escalate

The United States has announced new tariffs of 25% on selected imports from Brazil, marking a significant escalation in bilateral trade tensions and prompting an immediate response from Brasília, which has pledged retaliatory action. The new duties are scheduled to take effect on July 22, giving......

Brazil’s economy expected to maintain moderate growth after presidential election

Brazil’s economy is expected to continue expanding at a moderate pace after the country’s October presidential election, although analysts warn that weaker agricultural production and persistent fiscal pressures could limit stronger growth in the years ahead. A Reuters survey of economists......

Brazil Keeps 32% Tariff on Moroccan Sardines Despite Rising Imports

The Brazilian government has decided to maintain a 32% tariff on canned sardine imports, rejecting a request to establish a nine-month tariff-free quota of 7,500 tons. This decision, announced by the executive secretariat of the Foreign Trade Chamber (Camex), comes after reviewing a request submitted......

EU deepens strategic ties with Brazil to secure critical mineral supply chains

The European Union is intensifying efforts to secure long-term access to critical minerals by strengthening its partnership with Brazil, a move aimed at reducing dependency on concentrated global supply chains dominated by a limited number of producers. Speaking during a visit to Brazil, EU Commissioner......

Dollar strength and hawkish Fed pressure emerging market carry trades

The carry trade strategy in emerging markets has lost momentum as global financial conditions tighten. Traders who previously benefited from borrowing in low-yield currencies and investing in higher-yield assets are now reassessing exposure. Expectations around US monetary policy have shifted sharply......

Azul expands flight cuts as rising fuel costs pressure airlines

Brazilian airline Azul is preparing to implement additional flight frequency reductions as soaring jet fuel prices continue to affect the aviation sector. The company is responding to increasing operational costs linked to geopolitical tensions that have pushed energy prices higher worldwide. According......

Royal Air Maroc expands fleet with Embraer E190 delivery

Royal Air Maroc is preparing to strengthen its regional fleet with the addition of an Embraer E190 aircraft, marking another step in its ongoing capacity expansion strategy. The move is part of a wider effort to modernize operations and increase connectivity across domestic and regional routes. The......

Iata set to slash airline profit outlook amid fuel shock

Global airline executives are gathering in Rio de Janeiro for a major industry meeting as the sector faces mounting pressure from a sharp rise in jet fuel costs linked to the war in Iran. The International Air Transport Association is expected to significantly cut its previous 2026 profit forecast of......

Gold overtakes US Treasuries as top global reserve asset

Gold has surpassed U.S. Treasury securities to become the world's largest reserve asset, marking a major shift in global reserve management as central banks respond to geopolitical uncertainty and a prolonged surge in bullion prices. The European Central Bank reported that gold accounted for 27%......

BYD ends eight-month sales slump on record international exports

BYD ended its longest sales decline streak in May, with global vehicle deliveries rising 0.3% year-on-year to 383,453 units, according to a stock exchange filing. The modest gain, driven almost entirely by surging international demand, marks the first year-on-year growth posted by the world's largest......

Brazil, India and Austria revise fuel policies amid oil turmoil

Governments in Brazil, India and Austria have introduced new measures aimed at limiting the impact of oil market volatility linked to the conflict involving Iran, as energy prices continue to face pressure from geopolitical tensions entering a third month. Brazil extended its emergency fuel support......

Brazil’s economy expected to strengthen in first quarter of 2026

Brazil’s economy is expected to have recorded stronger growth during the first quarter of 2026, supported mainly by improved industrial activity and resilient performance in the services sector. Economic analysts forecast that the country’s Gross Domestic Product (GDP) expanded more rapidly......

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