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.

Retail sales volumes in Brazil fell unexpectedly in May from the previous month, data from statistics agency IBGE showed on Tuesday, corroborating views of an economic slowdown after industrial production also slipped in the period.

Brazilian President Lula da Silva threatens retaliatory tariffs against the US if President Trump imposes increased import taxes due to Bolsonaro's trial. Lula aims for negotiation but warns of reciprocal measures.

Brazilian President Lula da Silva responds to Trump’s 50% tariff threat by declaring Brazil can survive without US trade

SAO PAULO (Reuters) -The executive secretary of Brazil's finance ministry, Dario Durigan, acknowledged on Tuesday concern over the country's debt trajectory, but said the government needs time to implement a gradual fiscal adjustment.

Brazil’s Central Bank released a letter explaining why the Broad National Consumer Price Index (IPCA) surpassed the target in June.

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