LATIN AMERICA

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Brazilian President Luiz Inácio Lula da Silva has stated his readiness to retaliate with matching tariffs if the United States imposes new levies on Brazilian goods. Lula's response came after President Donald Trump threatened on Wednesday to implement a 50% import tax on Brazilian goods starting August 1st.

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US President Donald Trump has weighed in on the legal troubles of Brazil's former President Jair Bolsonaro, urging Brazilian authorities to end what he called a "WITCH HUNT." Bolsonaro, who served as president from 2019 to 2022, is currently on trial for allegedly attempting a coup against current President Luiz Inácio Lula da Silva, a charge he denies.

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Brazilian prosecutors have filed a lawsuit against Chinese electric vehicle manufacturer BYD and two contracting firms, accusing them of human trafficking and alleged slave labor conditions at a construction site, according to legal documents released on Thursday.

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A New York federal judge has ruled against Argentina, ordering the country to sell its 51% stake in oil firm YPF in a decision that adds to the challenges facing President Javier Milei's efforts to stabilize the country's ailing economy. Milei, who has made economic recovery a central plank of his administration, quickly announced plans to appeal the ruling, which comes after a decade of international legal wrangling.

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Peru's political turbulence intensified Tuesday as Prime Minister Gustavo Adrianzén abruptly stepped down, just hours before facing a no-confidence vote in Congress. His departure adds another layer to the ongoing crisis engulfing President Dina Boluarte's embattled administration, already weakened by surging crime and waning public trust.

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Brazil's former President Jair Bolsonaro has been admitted to the intensive care unit (ICU) of the DF Star Hospital in Brasilia following a deterioration in his health condition. According to a statement released by his medical team on Thursday, Bolsonaro is undergoing further examinations after showing signs of "clinical deterioration" related to complications from previous surgeries.