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The Latest Breaking News from Brazil

Brazil Hits Back At Trump's Tariff Letter, Lula Says If 'He's Going To Charge Us 50, We'e Going To Charge Him 50'

Brazil’s President, Luiz Inácio Lula da Silva, issued a warning Thursday about potential retaliatory tariffs if the U.S. proceeds with its planned 50% tax on Brazilian imports from Aug. 1.

Benzinga

Why Is Trump Lashing Out At Brazil?

US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro.

International Business Times

Trump's 50% Tariffs Send This Jet Maker Into A Tailspin

Shares of Brazilian aircraft manufacturer Embraer S.A. (NYSE:ERJ) dropped on Thursday after President Donald Trump announced plans to impose a 50% tariff on all imports from Brazil.

Benzinga

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Trump v Lula: what to know about the tariffs spat between the US and Brazil

Brazilian president threatened a 50% tariff on US goods in retaliation for Trump’s levy on the Latin American country

The Guardian - US

Trump's Plan to Impose 50% Tariffs on Brazil Highlights Illegal and Harmful Nature of his Trade Policy

It's an obvious abuse of emergency powers, a claim to unconstitutional delegation of legislative power, and a threat to the economy and the rule of law.

Reason

Sugar Prices Sharply Lower as the Dollar Rallies

October NY world sugar #11 (SBV25 ) on Thursday closed down -0.30 (-1.81%), and August London ICE white sugar #5 (SWQ25 ) closed down -10.00 (-2.03%). Sugar prices fell sharply Thursday due to a stronger dollar. The dollar index (DXY00 ) rallied to a 2-week high Thursday, sparking long liquidation...

Barchart

US Tariffs on Brazil Boost Arabica Coffee Prices

September arabica coffee (KCU25 ) Thursday closed up +3.75 (+1.32%), and September ICE robusta coffee (RMU25 ) closed down -150 (-4.32%). Coffee prices on Thursday settled mixed, with arabica coffee posting a 1-week high and robusta sliding to a 2-week low. President Trump's action on Wednesday to raise tariffs on...

Barchart

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‘He is not guilty of anything’: Donald Trump threatens tariffs on South American country because someone was ‘mean’ to his buddy

Don't worry, Trump's tariffs make perfect economic sense.

We Got This Covered

Airline Stocks Take Off, Trump Hits Brazilian ETF: What's Moving Markets Thursday?

A quiet day on Wall Street turned into a major win for airline investors Thursday, as Delta Air Lines Inc. (NYSE:DAL) surged 12% after posting second-quarter results that topped both earnings and revenue expectations, while indicating a strong demand outlook, sparking a broad rally across the sector.

Benzinga

Sugar Prices Retreat as the Dollar Strengthens

October NY world sugar #11 (SBV25 ) today is down -0.22 (-1.33%), and August London ICE white sugar #5 (SWQ25 ) is down -9.10 (-1.85%). Sugar prices are under pressure today from a stronger dollar. The dollar index (DXY00 ) rallied to a 2-week high today, which sparked long liquidation...

Barchart

Arabica Coffee Prices Jump as Tariffs on Brazil May Disrupt Coffee Supplies

September arabica coffee (KCU25 ) today is up +2.40 (+0.84%), and September ICE robusta coffee (RMU25 ) is down -121 (-3.49%). Coffee prices today are mixed, with arabica coffee posting a 1-week high and robusta sliding to a 2-week low. President Trump's action on Wednesday to raise tariffs on Brazilian...

Barchart

Lula threatens 50% tariff on US goods in retaliation for Trump levy on Brazil

Brazilian president says ‘if he charges us 50%, we’ll charge him 50%’ after Trump cited trial of Bolsonaro to justify tariff

The Guardian - US

Tariff Vengeance

Plus: Prime sales slumping, Hill Country flood victim search continues, Diocese of San Bernardino takes on ICE, and more...

Reason

First Thing: Democrats ‘too polite’ in fight against fossil fuel giants, says senator

Sheldon Whitehouse was giving his 300th climate speech to the Senate. Plus, the human chain that helped a bookstore relocate

The Guardian - UK

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The Independent UK

Matheus Cunha ‘privileged’ to take on Manchester United number 10 shirt

The Brazil midfielder, signed for £62.5million from Wolves last month, is hoping to emulate some former United number 10s.

The Independent UK

Hindu music singer inaugurates project to spread yoga in Brazil's favelas

Dozens of Brazilian yoga aficionados saluted the sun in Rio de Janeiro for the inaugural class of a free course allowing residents of the Rocinha favela to qualify as yoga teachers

The Guardian - UK

From ayahuasca rituals to a birthday in the favelas: Arles photography festival takes us on a trip

This year’s French photo extravaganza showcases stunning images from across Latin America. There’s also selfie addicts, anonymous fetishists and a pharmacist taking pictures of his customers without their consent

Euronews

Trump tariffs goods from Brazil at 50%, citing ‘witch hunt’ trial against country’s former president

Brazil’s prosecutor-general has filed charges against former President Jair Bolsonaro for attempting a coup to stay in office after his 2022 election defeat.

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Benzinga

Trump Sends Lula A Letter Imposing 50% Tariffs, Calls Bolsonaro Trial A 'Witch Hunt' — Brazil's President Hits Back: 'Will Not Accept Any Form Of Tutelage'

Tensions are flaring between the United States and Brazil following President Donald Trump’s threats of sweeping 50% tariffs on imports from the South American nation.

The Guardian - US

Trump news at a glance: president demands Bolsonaro trial be stopped as he hits Brazil with 50% tariff

Trump calls for end to prosecution and also targets other countries with steep levies while Washington sanctions UN official over Gaza – key US politics stories from Wednesday 9 July

Al Jazeera

Trump singles out Brazil for 50 percent tariffs over Bolsonaro trial

US president pointed to the criminal trial of far-right leader Jair Bolsonaro as the reason for the steep tariff hike.

Euronews

Former Real Madrid manager Carlo Ancelotti charged with tax evasion, handed one-year prison sentence

The now Brazil national team head coach was found guilty of evading taxes on his image rights in 2014. Although he will probably not serve the prison term, he'll have to pay a fine and is set to be disqualified from receiving tax benefits in Spain for three years.

International Business Times

Brazil Summons US Envoy Over Criticism Of Bolsonaro Trial

Brazil said Wednesday it had summoned the US charge d'affaires in a diplomatic row following President Donald Trump's criticism of the coup trial of his right-wing ally, ex-leader Jair Bolsonaro.

Barchart

Sugar Prices Jump on Signs of Stronger Global Demand

October NY world sugar #11 (SBV25 ) on Wednesday closed up +0.43 (+2.67%), and August London ICE white sugar #5 (SWQ25 ) closed up +16.70 (+3.51%). Sugar prices settled sharply higher on Wednesday, with NY sugar climbing to a 1-week high and London sugar jumping to a 1.5-month high. Concerns...

Barchart

Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies

September arabica coffee (KCU25 ) on Wednesday closed down -1.55 (-0.54%), and September ICE robusta coffee (RMU25 ) closed down -98 (-2.75%). Coffee prices on Wednesday settled lower, with robusta falling sharply to a 1.5-week low. Arabica coffee gave up an early advance Wednesday and turned lower after the Brazilian...

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