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Markets

U.S. Hits Brazil with 25% Tariffs in Trade Crackdown

The U.S. will impose 25% tariffs on Brazilian imports starting July 22, following a yearlong investigation into unfair trade practices. The order exempts coffee, beef, oranges and aerospace parts. President Lula called the move unjustifiable and vowed retaliation, while Secretary Rubio accused Brazil of bad-faith negotiations.

2 min
Markets

Australia Business Conditions Steady in June; Confidence Improves

Australian business conditions held steady at +3 in June for a third consecutive month, while confidence jumped to -5 from -14 in May, according to NAB survey. Easing cost pressures from a U.S.-Iran peace deal drove the improvement, though renewed Gulf hostilities have since pushed oil prices higher again.

2 min