AGP Executive Report
Last update: 7 minutes agoUS-Brazil Trade Shock: A 25% US tariff on part of Brazilian exports kicks in on Jul. 22, with Brazil preparing to use its Reciprocity Law as experts dispute Washington’s forced-labor and deforestation claims. Forced-Labor Tariff Push: The US also signals a broader forced-labor tariff framework as its temporary global levy expires Friday, raising the odds of more duties and retaliation. Cade Antitrust Update: Brazil’s antitrust watchdog kept the Nutrella brand auction on track after Bimbo failed to complete required divestments, keeping pressure on the packaged bread market. Agri-Exports in Focus: Brazil logged its highest-ever first-half chicken meat export volumes and revenue, with China leading demand—while coffee prices ease on expectations of faster harvest progress. Energy & Industry: Brazil’s oil boom accelerates as Asian buyers shift away from Middle East routes; Vale shareholders elected Manuel Lino Oliveira as chairman after governance tensions. Aerospace Deal: Mubadala and Embraer signed a long-term framework for UAE supply, MRO, workforce training, and next-gen aerostructures R&D.
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