Donald Trump said he plans to impose a 50% tariff on imports from Brazil. Questions about the future of FEMA loom amid the Texas floods. And "Superman" becomes a political flashpoint ahead of the new movie's release.

The U.S. dollar was steady on Thursday after retreating from a two-week high versus major peers, as markets took U.S. President Donald Trump's latest tariff salvos in their stride, except in Brazil where a threatened 50% levy sent the real sliding.

President Trump's announcement that the U.S. will stick a 50% tariff on Brazilian goods whacked some of the country's

Total two-way trade with Brazil of $92 billion in 2024: Brazil is the 15th largest U.S. trading partner, but importantly, the U.S. has a rare $7.4 billion trade surplus. Some have flagged the tariff as being more politically motivated than economic.

U.S. stock futures were pointing to losses at the market open on Thursday, as President Donald Trump’s latest tariff announcements threatened to pour cold water on the previous day’s Nvidia-led rally.

Brazilian President Luiz Inacio Lula da Silva was defiant on Monday as he wrapped up the summit when he answered reporters who asked about Donald Trump's tariff threats.

After posting seven tariff letters earlier Wednesday, President Donald Trump said a couple more would come today and blasted Brazil's trade practices. In

Donald Trump threatened to impose a 50% tariff on Brazil over its domestic political affairs, the most extreme case yet of the US president weaponizing trade policy to make unrelated demands.