Brazil's government minimizes the projected impact on economic growth from the 50% US tariff threat. While oil remains exempt, other industries like aerospace may feel the pinch. President Lula seeks negotiation with Trump,

The Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei and Moldova are the latest tariff targets. Read more at straitstimes.com. Read more at straitstimes.com.

By Ricardo Brito BRASILIA (Reuters) -Tensions between the United States and Brazil intensified on Wednesday after Brazil's Ministry of Foreign Affairs summoned the U.S. embassy's chargé d'affaires over a statement defending former Brazilian leader Jair Bolsonaro,

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.

Heightened trade tensions between the USA and Brazil - and the prospect of swingeing tariffs - could pose problems for Embraer and US airlines that hold orders for the Brazilian airframer's regional jets.

Brazil faces persistent inflation and rising market volatility amid U.S. tariff threats, posing serious risks to economic stability.

Trump cited the trial of the president’s close political ally, former Brazilian President Jair Bolsonaro, as the rationale for new tariffs set to take effect Aug. 1 on imports from the largest economy in Latin America.

US President Donald Trump has postponed the deadline for imposing new tariffs from July 9 to August 1, and possibly beyond. While markets remain calm for now, concerns are growing over the lack of progress on promised trade deals and rising global tensions.