#trade

Parisite, one of the few rare-earth carbonate minerals, grown on galena in a specimen from the Mountain Pass mine in California.

Critical minerals

Lula's re-election puts Washington's hopes of quick access to Brazil's rare earths on hold

Jamieson Greer, the United States Trade Representative, in his official portrait from 2025.

Washington's 37.5% tariffs on Brazil face a new round of talks after Lula's win, with a written US offer expected in November

U.S. Customs and Border Protection officers inspect commercial trucks at the Detroit–Windsor truck ferry port of entry in Detroit, Michigan, in August 2022.

Trump reshuffles the 50% tariff list on Canada, dropping plywood and packaging and adding flooring, carpets and valves

Donald Trump in his official White House portrait, photographed in June 2026.

Russia sanctions

Trump's order sets a 500% tariff on Russian goods and waives it in the same document

The Federal Reserve Bank of New York building in the Financial District of Manhattan, photographed in December 2025.

Each extra point of U.S. tariffs adds about 0.25% to consumer goods prices within a year, New York Fed researchers find

The headquarters of the Tribunal Superior Eleitoral in Brasília, the court that runs Brazil's elections and publishes the count, photographed in 2012.

Brazil and Washington

Brazil's October 25 runoff will pick the government that negotiates America's 25% tariff and its access to Brazilian rare earths

Donald Trump greets Xi Jinping before their bilateral meeting at Gimhae International Airport in Busan, South Korea, in October 2025 — the summit that produced the truce now extended.

The US and China push their tariff truce to January 10, and Xi leaves Washington without a broader deal