Economy & Markets

Lula's visit is expected to produce more than a dozen agreements and new investment announcements, ranging from grains to railroads, officials from the South American commodities giant said.

The coffee-producing country's foreign sales exceeded US$4.3 billion.

The OECD has indicated that in the third month of the year, food costs rose by four-tenths of a percentage point, to 4.8%, with increases in more than two-thirds of member countries.

Services grew less rapidly due to the slowdown in demand, a result of the uncertainty caused by the Trump administration's policies, particularly in the area of trade.

"The most important thing right now is to say that we are at the table negotiating the terms of an agreement," said Fernando Haddad during a business trip to Los Angeles.

The largest contributor to this negative change was the 41.3% growth in imports, as companies and consumers anticipated the imposition of tariffs by the government.

The increase in exports to Russia reveals a recovery from the decline experienced in 2024, as the export levels reported in 2023 have not yet been reached.

The issue was highly sought after and was attended by more than 130 global investors.

Even so, Trump claims that they did meet this morning.

This was stated at a meeting in Washington by Peru's Minister of Foreign Trade and Tourism, Desilú León, and the United States Trade Representative (USTR), Jamieson Greer.

The announcements of tariffs on Mexico and other countries, along with an economic slowdown, have created an atmosphere of distrust, although not all experts are pessimistic about the situation.

"The revisions are largely due to a significant slowdown in growth in Mexico," the International Monetary Fund noted.

The US president acknowledges that current rates won't lead to significant inflation, but there may be slower economic growth.

He claims that "more than 75 countries" have contacted him to negotiate new trade agreements.

External sales include information technology, global services, and tourism.

Jerome Powell explained that tariffs are very likely to generate at least a temporary increase in inflation, but that the inflationary effects could also be more persistent.

He warns of a cost of 615 million euros for implementing a new automotive safety regulation that he considers "unfair."

Analysts reviewed what has happened in the process of seeking a trade agreement with the North American country.

The larger-than-expected IMF package will support Argentina's efforts to eliminate the peso peg in place since 2019.

Large influxes of legal migrants and refugees can exacerbate social tensions, but implementing restrictive policies could limit countries' productivity, warns the International Monetary Fund (IMF).