Brazil, Trump and Tariff
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Having passed the midpoint of the year, several of our key economic predictions for 2025 are on track, including weaker US economic conditions.
Brazil's central bank will hold its benchmark interest rate at a two-decade high of 15% on July 30, according to a unanimous Reuters poll, although economists said it could acknowledge some moderation of inflation expectations.
Brazil central bank slashed their 2026 inflation projection for the first time in over two months, in what may be a positive sign for monetary authorities.
Brazil announced a reduction of the total amount of its spending freeze for this year after the Supreme Court reinstated the bulk of a tax decree that had sparked disputes with Congress and added to uncertainty about its fiscal outlook.
OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries' crude intake would remain elevated to meet the uptick in summer travel,
US President Donald Trump announced on Wednesday that new trade duties will have a minimum rate of 15%, with the possibility of reaching 50%.
President Donald Trump’s tariffs on Brazil could push up the cost of orange juice at major American supermarkets like Aldi, Walmart and Wegmans by as much as 25%, according to one US-based orange juice importer.
Brazil's economic activity unexpectedly fell in May, central bank data showed on Monday, dragged down by a sharp drop in the farm sector along with declines in tax revenue and industrial output.
Mining in Brazil does not deliver the sustained economic benefits often claimed, while informal mining is a major driver of deforestation, especially in the Amazon. A new study offers one of the most comprehensive assessments to date,
Brazil has an opportunity to shape whatever arrangements might emerge. The country is hosting the upcoming United Nations climate conference, known as COP30, in the Amazonian city of Belém in ...