Brazil signals tariff mitigation through credit and negotiation
The Brazilian government is exploring credit-based mechanisms and diplomatic negotiations to circumvent impending tariff increases. It remains unclear which specific sectors or trading partners are the primary targets of these measures, though the strategy suggests an attempt to maintain trade competitiveness without direct protectionist escalation.
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Russia — 11 developments
Ukraine Strikes Krasnodar; Russia Rejects India Protests; US Alleges Sino-Russian Support for Iran
The Ukraine conflict continues with increased Ukrainian drone strikes on Russian territory, including Krasnodar Krai and logistics infrastructure, following a new military appointment. Russia has rejected Indian protests over Black Sea shipping strikes, indicating a sustained maritime interdiction strategy. Concurrently, the US alleges Chinese and Russian support for Iranian military actions, linking these powers to ongoing US-Iran tensions.