Daily brief
Brazil on July 22 faced the implementation of a new 25% US tariff affecting billions of dollars in exports, as President Donald Trump prepared additional trade measures. The Brazilian government ruled out retaliatory tariffs against the US, while President Luiz Inácio Lula da Silva reacted on three fronts to exploit the situation for political gain.
Vale elected a new board chairman amid a governance crisis.
The Batista Brothers secured a stake in Venezuela's oil sector as deals in the region gained momentum.
Brazil's oil boom accelerated as Asian buyers shifted away from the Middle East.
by WorldBrief & Maksim Micheliov | AI-generated summary