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flag Brazil’s September trade surplus rose on strong exports to China, but U.S. tariffs hurt exports, prompting President Lula to call for their removal.

flag Brazil's September trade surplus surpassed expectations, fueled by strong soybean and beef exports to China, up 14.7% year-on-year, while exports to the U.S. fell 20.3% to $2.6 billion amid 50% tariffs imposed by the U.S. in August, linked to political tensions following former President Jair Bolsonaro’s coup-related prison sentence. flag Brazilian President Lula urged the U.S. to lift tariffs and remove sanctions. flag Concerns grew over Brazil’s proposed privatization of meat inspections, with unions warning of a potential global credibility crisis. flag Meanwhile, the USDA raised its 2025–2026 milk and chicken production forecasts, signaling downward pressure on prices.

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