Global Scans · Brazil · Weekly Summary

WHAT'S NEXT?: A recession in Brazil is expected to bottom out with growth turning positive starting in 2017. Its economy is expected to require a long period of fiscal and monetary adjustment after the political turmoil and public discontent of the last two years.

• [New] Brazilian President Luiz Inacio Lula da Silva warned Thursday he would impose retaliatory tariffs if the US hikes import duties by 50%, citing Brazil's prosecution of ex-leader Jair Bolsonaro. Yahoo News
• [New] Corn (maize) prices will likely remain bearish in 2025 due to robust global production, mainly in the US, Brazil and India, various agencies have said. BusinessLine
• [New] The BRICS nations (Brazil, Russia, India, China, South Africa) have jointly rejected the European Union's Carbon Border Adjustment Mechanism, criticizing it as a discriminatory trade policy that could harm developing economies under the guise of climate action. Raman Academy
• [New] The tariffs on Brazil could have a significant impact on food prices in the U.S. MarketsFarm
• [New] The tariffs on Brazil could have a significant impact on US food prices - and coffee. Australian Broadcasting Corporation
• [New] The recent disruption in Brazil imports highlights the importance of efficient access to alternative markets, fostering resilient trade relationships, and mitigating local poultry shortages. ChickenFacts
• [New] Brazil's safrinha corn harvest, delayed by wet weather, may temporarily ease pressure but could flood global markets from September onward. Ainvest
• [New] Brazil's corn exports are set to face new challenges in 2025 as the shipping season starts with possible logistics issues, China making fewer purchases and strong competition expected from the United States. ADM Investor Services
• [New] President Trump reiterated his threat that nations that join BRICS - the intergovernmental organization that includes Brazil, Russia, India, China, and South Africa - and engage in policy to reduce the dollar's dominance will soon face an additional tariff of 10%. Yahoo Finance
• [New] Slight production increases are expected in South America, with Brazilian production expected to expand to 169.4 mmt from the long-standing 169 mmt estimate, while Argentine production is expected to show a similar increase to 49.3 mmt, up from 49 mmt in June. DTN Progressive Farmer
• [New] Corn production will reach an all-time high of 1,276 million tons, thanks to expanded planting areas in the US, Brazil, and Ukraine, as well as favorable weather conditions. Feed & Additive Magazine
• [New] With favorable government policies and rising investments in health tech startups, Brazil is expected to witness robust growth in digital therapeutics adoption. Claight Corporation (Expert Market Research)
• [New] Brazilian President Luiz Inacio Lula da Silva posted on X after Trump's announcement, Brazil is a sovereign nation with independent institutions and will not accept any form of tutelage. Time
• [New] While finance experts acknowledged the NDB's potential benefits, they warned that joining it could work to Indonesia's detriment, noting that the BRICS-founded bank's agenda would be dominated by its founding members: Brazil, Russia, India, China and South Africa. The Jakarta Post
• [New] The decisions made in Brazil will not only affect trade and investment, but also impact the global response to critical challenges like climate change and global health. archyde
• [New] China, Brazil, and South Korea have implemented similar restrictions or surveillance measures to control residues and reduce resistance risk. SGS Societe Generale de Surveillance SA
• [New] Supply agreements for critical minerals will dominate Indian Prime Minister Narendra Modi's visit to Ghana, Namibia, Brazil, Argentina and Trinidad & Tobago starting Wednesday as the South Asian country's industry grapples with restricted supplies from China. FDD
• The upcoming tariffs targeting China, Brazil, India, and South Africa have already strained diplomatic ties, and last-minute efforts to ease tensions were further undermined after Trump threatened sanctions on countries he accused of pursuing anti-American policies. Business Insider Africa
• Following the historic success of IOD-1, the IOD-2 mission will continue critical testing over the South Atlantic, including airspace managed by Brazil, to validate satellite-based aeronautical communications and surveillance. Latin America Space Monitor by AzurX
• In 2025, the FFD in Seville, COP 30 in Brazil and G20 in South Africa are key opportunities for international cooperation to tax the super-rich and invest in a sustainable future that puts human rights and equality at its core. IFC Review
• A core group including Brazil, South Africa, South Korea, Saudi Arabia, and the UAE could give India the diplomatic heft to engage the US and China in negotiating a global agreement. https://www.natstrat.org
• Russia's population will not only be much smaller than that of China, India, or the United States but also half that of Brazil and Ethiopia and one-third that of Nigeria and Pakistan. IWM WEBSITE
• Countries like Brazil, Mexico, South Africa, and the UAE are beginning to invest in sustainability, influenced by climate vulnerability and international development funding. LinkeWire

Last updated: 15 July 2025