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Brazil, South Korea agree to advance talks for Mercosur trade deal

Brazil, South Korea agree to advance talks for Mercosur trade deal

BRASILIA, July 27 (Reuters) - Brazil and South Korea agreed to accelerate talks on a potential trade deal between the Asian nation and the South American bloc Mercosur, their presidents said on Monday during a ceremony in Brasilia.

Brazil recalls ambassador after Argentina's President Milei insults government officials

Brazil recalls ambassador after Argentina's President Milei insults government officials

Brazil’s Ministry of Foreign Affairs says it has recalled its ambassador to Argentina after President Javier Milei insulted Brazilian officials while in their country

Brazil denies visas to US officials ahead of October election

Brazil denies visas to US officials ahead of October election

Two Trump administration officials were denied visas by Brazil ahead of a planned trip to the country, Brazil's Foreign Ministry told USA TODAY.

U.S. Trade Representative Greer Asserts Trump's New Tariffs Will Not Impact Economy

U.S. Trade Representative Greer Asserts Trump's New Tariffs Will Not Impact Economy

U.S. Trade Representative Jamieson Greer stated that President Trump's newly imposed tariffs on 60 trading partners, aimed at addressing lax enforcement of forced labor bans, are unlikely to have a significant economic impact. The tariffs, ranging from 10% to 12.5%, are similar to recent global tariff actions and are applied to a smaller group of countries compared to a previous universal 10% tariff. Greer emphasized that these tariffs cover 99.4% of U.S. imports and are not expected to influence the Federal Reserve's monetary policy decisions. The tariffs are part of a broader strategy under Section 301 of the Trade Act of 1974, which targets unfair trade practices. This approach was previously used to impose duties on Chinese goods, which remain despite legal challenges.

World stocks hit one-month low as chip rout worsens

World stocks hit one-month low as chip rout worsens

By Tom Westbrook, Ankur Banerjee and Sruthi Shankar July 28 (Reuters) - World stocks fell to a one-month low on Tuesday, as investors dumped chipmakers on concerns about Chinese competition and funding of the AI boom, while rising odds of a U.S. interest rate hike as early as this week further

CBP Officers Seize Nearly $9 Million in Counterfeit FIFA World Cup Merchandise at IAH

CBP Officers Seize Nearly $9 Million in Counterfeit FIFA World Cup Merchandise at IAH

U.S. Customs and Border Protection (CBP) officers at George Bush Intercontinental Airport (IAH) have seized nearly 20,000 counterfeit items related to the FIFA World Cup 2026, with a total Manufacturer's Suggested Retail Price of just under $9 million. The seized items included jerseys, shorts, and other merchandise representing various national teams such as the United States, Mexico, and Brazil. These items were found to violate intellectual property rights, with most shipments originating from China. CBP's enforcement actions are part of a broader effort to protect American consumers and businesses from counterfeit goods, which often fund organized crime and pose safety risks due to inferior materials.

Stocks mixed, oil and Treasury yields drop on Iran-US pause

Stocks mixed, oil and Treasury yields drop on Iran-US pause

By Karen Brettell July 27 (Reuters) - Stocks were mixed on Monday while oil prices tumbled and Treasury yields dropped after the U.S. and Iran paused strikes over the weekend, halting two weeks of attacks.

Lula calls new US tariffs a mistake in Washington Post op-ed

Lula calls new US tariffs a mistake in Washington Post op-ed

By Luciana Magalhaes SAO PAULO, July 26 (Reuters) - Brazilian President Luiz Inacio Lula da Silva called new U.S. tariffs unfair and a strategic mistake in a Sunday opinion column for The Washington Post, warning they would harm the countries' bilateral partnership and drive up costs for U.S.

A forced-labor crackdown or an end-run around Congress? Dissecting Trump's new tariffs

A forced-labor crackdown or an end-run around Congress? Dissecting Trump's new tariffs

The Trump administration has levied tariffs on more than 60 countries, using a legal justification that permits the president to impose import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices

Brazil's government denies visas to US officials over upcoming elections

Brazil's government denies visas to US officials over upcoming elections

Brazil’s Foreign Ministry says it denied visas to two U.S. State Department officials that sought to travel to the South American nation next week

Analysis-Separate US talks with Canada, Mexico test North America's trilateral trade pact

Analysis-Separate US talks with Canada, Mexico test North America's trilateral trade pact

By Promit Mukherjee, Emily Green and David Lawder OTTAWA/MEXICO CITY, July 22 (Reuters) - Separate U.S. negotiating tracks for Canada and Mexico are testing a trilateral free trade zone that has defined North America's economy for 32 years, with the U.S. potentially forcing concessions on Canada

Brazil's Flávio Bolsonaro secures presidential bid despite headwinds

Brazil's Flávio Bolsonaro secures presidential bid despite headwinds

Brazilian Sen. Flávio Bolsonaro, one of the sons of former President Jair Bolsonaro, has been confirmed as the candidate of his father's Liberal Party