The US Supreme Court has recently dealt a significant blow to former President Trump by overturning a crucial aspect of his tariff policies, marking what many are calling the most substantial institutional defeat of his second term. In response, Trump has rolled out a new 10% surcharge, which he claims is necessary to combat the fallout from the court's decision. This move has raised eyebrows among various economic analysts, including Brazil's Vice President Geraldo Alckmin, who insisted that the new tax would not undermine Brazil's competitiveness amid the ongoing global economic challenges.

Simultaneously, tensions continue to rise between the US and Iran, highlighted by statements from Iran's Foreign Minister indicating readiness for both war and peace. In a related context, Trump has hinted at the possibility of a targeted military strike on Iran. Furthermore, in Argentina, lawmakers have approved a labor reform proposal aimed at economic restructuring under new leadership. This reflects broader regional shifts as countries reevaluate their internal policies in light of international pressures and domestic expectations.

Back in Brazil, the Supreme Court's Minister André Mendonça has released confidential data related to the Master case to a congressional committee investigating social security issues. This move comes amid controversies surrounding investigations into alleged information leaks involving Supreme Court ministers. These developments, along with news from the Formula 1 world where Ferrari concluded its pre-season as the fastest team, illustrate a dynamic political landscape both domestically and internationally, with significant implications for trade and governance.