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US targets Brazil with tariffs as relations deteriorate
Also in today’s newsletter, Pete Hegseth launches a military testosterone programme and Wisconsin’s socialists
Why socialists should embrace luxury apartments
High-end developments can be more effective at unlocking affordability than social housing programmes
Trump administration slaps 25% tariff on Brazil as ties deteriorate
Levy is part of a deepening rift between Washington and Brasília ahead of South American presidential election
FirstFT: The pros and cons of California’s wealth tax
Also in today’s newsletter: Uber agrees to buy rival Delivery Hero and US slaps tariffs on imports from Brazil
Beige Book shows robust US economy, labour market picking up
Prices increasing ‘moderately’ ahead of renewed hostilities with Iran
US lawmakers urge Trump administration to ban Chinese memory chips
Apple has been lobbying for clearance to buy from China’s CXMT during a global memory shortage
Whitepapers / Articles
A View from the Bridge - April 2026
“Never forget where you’re coming from” is the chorus line to a Take That hit from 1995 and much of yesterday’s policy decision and press conference was metaphorically sung in that vein.
PegasusCapital - 01/05/2026





