Brazil plans aid packages for businesses impacted by Trump tariffs. The Brazilian government has unveiled a plan to support local exporters impacted by the 50% tariff imposed by the United States. (Al Jazeera)

Retail sales rise a solid 0.5% in July from June as shoppers appear to shrug off tariff pressures. Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they appear to shrug off President Donald Trump’s tariffs, which are starting to take a toll on jobs and lead to some price increases. (AP)

Coffee and tea prices continue to ramp up due to tariffs, worrying retailers and importers. While last month’s consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products. (CNBC)

UK economic growth slows but beats forecasts. UK economic growth slowed between April and June, according to official figures, but came in better than expected. The economy expanded by 0.3%, down from 0.7% in the first three months of the year, the Office for National Statistics said. (BBC)

Hong Kong Q2 GDP expands 3.1% year-over-year, full-year growth forecast maintained. Hong Kong’s economy expanded by 3.1% in the second quarter from the same period a year earlier, supported by a surge in rush shipments following the temporary easing of U.S. tariff measures, the government said on Friday. (Reuters)

US import prices rebound in July on higher consumer goods costs. U.S. import prices rebounded in July, boosted by higher costs for consumer goods, the latest indication that inflation was poised to pick up because of tariffs. (Reuters)

BOE caution on rate cuts is likely to support Sterling. The U.K. economy showed surprise resilience in the second quarter, he says. Data Thursday showed stronger-than-expected 0.3% economic growth. This should ease pressure on the BOE to continue cutting rates, with markets now bracing for a pause in policy easing at upcoming meetings in September and December, Ryan says. (Wall Street Journal)

Taiwan raises 2025 GDP growth forecast, cautious about 2026 outlook on US tariffs. Taiwan’s economy is expected to grow faster in 2025 than previously forecast due to strong tech demand but will likely slow next year, the statistics agency said on Friday, amid concern about higher tariffs and uncertain U.S. trade relations. (Reuters)

Cargo frontloading peaks in July as inventory holding costs surge. The port reported its highest single-month volume of handled cargo in July as companies moved in goods ahead of the installation of the Trump administration’s country-specific reciprocal tariffs. (Supply Chain Dive)

China’s factory output, retail sales growth slump in blow to economy. China’s factory output growth slumped to an eight-month low in July, while retail sales slowed sharply, raising pressure on policymakers to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy. (Reuters)

German financial confidence falls on trade-deal frustration. German confidence in the economy sank back this month, buffeted by disillusion over the European Union’s trade deal with the U.S. and Germany’s weaker-than-expected economic performance in the second quarter. (WSJ)

Saudi Arabia, Chile to resume poultry imports from Brazil, memos say. Saudi Arabia has lifted a ban on poultry imports from Brazil’s southernmost state of Rio Grande do Sul, where an outbreak of bird flu was reported on a commercial poultry farm in May, according to an Agriculture Ministry memo issued on Thursday and seen by Reuters. (Reuters)