Good afternoon and happy Monday, readers! Congress is out of session for the remainder of the month, but before leaving for break, key Senate Republicans announced they are blocking some of President ...

BP just made its biggest oil discovery in 25 years—and it’s in Brazil, not the U.S. The Bumerangue field, hidden deep under 2,400 meters of water, could make Brazil a new global oil superpower. But ...

The tariffs decrease US merchandise imports by $486.7 billion. But as they drive up the cost of US supply chains and shift ...

First, all countries agreed to unequal tariffs. The U.S. charges 15% to 20% on most imports, while the trading partner charges little on U.S. goods. This is good for the U.S. Treasury, offsetting some ...

Brazilian President Luiz Inacio Lula da Silva initially said he would respond under the country's Economic Reciprocity Law, ...

Switzerland is facing 39% US tariffs on its products, the fourth-highest amount of duties after Brazil, Syria, Myanmar and ...

On July 31, 2025, police in Teresopolis, Brazil, discovered around 600 baby tortoises in a man's luggage. The animals were hidden inside suitcases aboard a bus traveling from Natal to Rio de Janeiro.

President Trump has announced a new set of tariffs after his August 1st deadline for negotiations with countries passed.

The tariffs reduce the US annual GDP by 0.36%. This equates to US$108.2 billion or $861 per household per year (all amounts ...

India has a large trade surplus with the U.S. and was previously facing 25% rates set to go into effect this Friday.

President Trump has issued a new executive order raising import duties on goods from 69 countries. Tariffs now range from 10% to 50%, aiming to rebalance U.S. trade and support domestic industries.

Surprisingly, Trump’s criticism of Brazil’s court is largely correct. In recent years, Brazil’s Supreme court has become the ...