The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions.

Brazil’s slow soybean harvest means that supplies are not reaching buyers as quickly as they might have hoped. But China, the destination for more than 70% of Brazil’s annual soy exports, does not appear concerned.

US President Donald Trump on Tuesday referred to China, India, and Brazil as “tremendous tariff-makers” and said that his administration would no longer tolerate such practices, reiterating his commitment to putting “America First.

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America’s 47th president, Donald Trump, fired a salvo on “ high-tariff nations "—Brazil, India, and padosi China. Trump remarked, “ We're not going to let that happen any longer because we're going to put America first. ” Speaking at a Florida Retreat to House Republicans, Trump

China’s soybean imports from the United States dropped five percent in 2024 from the previous year. Reuters says, “U.S. soybean imports were replaced in the Chinese market by shipments from Brazil and

Gerdau S.A. is rated as a Hold due to mixed market conditions and competitive pressures from imported steel products. Explore more details here.

Brazil’s slow soybean harvest means that supplies are not reaching buyers as quickly as they might have hoped.

The Chinese workers hired by BYD contractor Jinjiang in Brazil had to hand over their passports to their new employer, let most of their wages be sent directly to China, and fork over an almost $900 deposit that they could only get back after six months' work,

Chinese workers hired to build BYD's new factory in Brazil faced alleged labor abuses, including withheld passports and unlawful contract clauses. While the factory promised to bring local jobs, controversies over forced labor practices cast a shadow over the project and Brazil-China relations.

Brazilian President Luiz Inacio Lula da Silva called on Donald Trump to "respect" Brazil. He also called Trump's decision to withdraw the US from the Paris climate accords a "step back for human civilization.