Despite the tariff threat, Brazil’s Finance Ministry projected limited economic impact, maintaining its 2.5% GDP growth forecast for 2025. Officials said only specific sectors, like aerospace and energy machinery—heavily reliant on US buyers—might suffer.

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.

These kinds of tax debt transactions were originally created to grant discounts on debt renegotiation for companies in serious financial situations. They were made more flexible by a 2024 regulation that allowed the government to seek agreement with large companies to avoid costly and potentially unsuccessful court actions.

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,

US President Donald Trump announced on Wednesday his intention to implement a 50% tariff on Brazilian imports, partially responding to what he terms a.

Xi 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

Lula’s address came amid growing concern over the fragmentation of global cooperation institutions, intensifying armed conflicts, and deepening economic inequalities.

Brazilian President Luiz Inacio Lula da Silva emphasized that the BRICS economic bloc serves as a concrete manifestation of the non-aligned vision echoed by