Iran Warns Trump Against Striking Infrastructure, Declares Strait of Hormuz a ‘Red Line’ 
US Restricts Commercial Flights From Congo Amid Ebola Outbreak 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
North Korea Calls South Korea ‘Puppet’ After U.S.-Led RIMPAC Naval Exercise 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak 
Trump Says U.S. Strikes on Iran Will Continue Until Nuclear Deal Is Reached 
NY Times Challenges Trump Administration Subpoenas Over Air Force One Report 
US Troop Pullback Raises NATO Security Concerns Amid Russia Tensions 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Russian and Ukrainian Strikes Kill at Least 13 as Attacks Intensify Across Frontline Regions 
US Military Completes Sixth Night of Iran Strikes as Conflict Escalates 
Senate Weighs Permanent Daylight Saving Time Bill as Support Remains Uncertain 
Trump ICC Sanctions Challenged as Advocacy Groups File Free Speech Lawsuit 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Brazil is preparing a series of retaliatory measures against the United States after the Trump administration imposed a 25% tariff on many Brazilian products, according to sources familiar with the discussions. Senior government officials met on Thursday to review options under Brazil’s reciprocity law, which President Luiz Inácio Lula da Silva has pledged to use in response to the new U.S. trade action.
Instead of raising tariffs on U.S. imports, Brazil is considering measures aimed at American intellectual property and service sectors. Proposed actions include restricting dividend and royalty payments by U.S. audiovisual companies operating in Brazil, as well as suspending patent protections for U.S. pharmaceutical products and agricultural seeds. Officials believe this strategy could pressure Washington while minimizing inflation risks and avoiding disruptions to Brazilian supply chains.
One source said a firm response is highly likely, although the final decision will depend on President Lula. Vice President Geraldo Alckmin confirmed that the government would determine how to apply the reciprocity law at the appropriate time, describing it as a legal mechanism to safeguard Brazil’s national and economic interests rather than a retaliatory tool.
Finance Minister Dario Durigan also announced that Brazil plans to introduce credit lines and financial support for industries affected by the tariffs by early August, reviving a program launched after previous U.S. trade measures. He said the government intends to use fewer public resources this time while maintaining its fiscal targets.
Durigan emphasized that Brazil remains open to negotiations with the United States but will not compromise its national interests. Meanwhile, U.S. officials have warned they could reassess their policies if Brazil responds with countermeasures, increasing uncertainty for exporters.
Brazil is also expected to revive its World Trade Organization dispute over customs duties on electronic transmissions. Officials believe a favorable WTO ruling would strengthen the country’s legal position if it proceeds with retaliatory actions under international trade rules. The escalating trade dispute comes as Brazilian exports to the United States declined 13% in the first half of the year, despite the country’s overall exports rising 5.1% during the same period.
