The past week has been a whirlwind of economic and political events. From record-breaking customs duty collections to billionaire investors casting doubt on tariff outcomes, the week was filled with intriguing stories.

In a fiery escalation of U.S.-Brazil tensions, Donald Trump has publicly defended former Brazilian President Jair Bolsonaro, slamming Brazil’s legal proceedings against him as “very unfair.” Trump called Bolsonaro a “good man” and “tough negotiator,

Earlier on Wednesday, Trump imposed tariffs of between 25 per cent and 30 per cent on Algeria, Brunei, Iraq, Libya, Moldova, the Philippines and Sri Lanka. The letters followed threats of 25 per cent tariffs on Japan and South Korea, among others, on Monday.