Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.

Trump pledged to impose tariffs on Brazil at a rate as high as 50%. He accused the country of "attacks" on US tech companies and of conducting a "witch hunt" against the far-right former President Jair Bolsonaro, a longstanding ally who is facing prosecution over his alleged role in a plot to overturn the 2022 Brazilian election.

Brazilian securities regulator CVM postponed for the second time a shareholder vote on the takeover of poultry and pork processor BRF by beef processor Marfrig , BRF said in a securities filing on Friday.

Having returned to the helm of the environment ministry in 2023, on July 2nd she was summoned before a committee in the lower house of Congress to testify about deforestation. Lawmakers hurled insults at her for almost seven hours.

Money managers from Aberdeen Group Plc to Franklin Templeton are staying bullish on Brazil, betting the country will withstand its unexpected turn in the epicenter of Donald Trump’s trade war. One reason: The fairly closed Brazilian economy,

Brazilian state-run oil firm Petrobras elected Angelica Laureano as its new head of energy transition and sustainability, the firm said on Friday.