☀ Domingo Brief — Brazil Weathers Trade Storm

Welcome back to the Domingo Brief! This week, we’re keeping up with Mexico’s judges hitting the campaign trail, Argentina’s recent IMF request, and more.

A Webinar Worth Your Time
Our friends at Cerity Partners—a leading wealth management firm advising high-net-worth individuals, businesses, and institutions—is hosting a timely webinar on the global economic outlook.

🗓 Tuesday, April 8 at 5:00 pm ET
📉 Trade tensions, market volatility, and shifting macro trends—get expert insights on what’s driving uncertainty and how to navigate it.

If you care about where the global economy is headed, this is one to catch.

Trivia of the Week 🎯

An impressive 86% of you correctly guessed Oaxaca as the Mexican state with seven variations of the tasty local Mole dish. Mole is one of the oldest known preparations in Mexican history, with roots pre-dating European contact. Oaxaca, in southwestern Mexico, boasts a large population of indigenous groups who maintain many of their ancient traditions, representing the country’s epicenter for mole making. The seven traditional variations include mole negro, mole colorado, mole poblano, mole verde, mole amarillo, mole manchamantel, and mole chichilo. Each one sounds better than the last.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

🇦🇷 Argentina President Javier Milei requested 40% of his country’s sought-after $20B loan from the International Monetary Fund be disbursed up-front. Economy Minister Luis Caputo stated the country eliminated its fiscal deficit and cut public spending, reaching conditional targets set by the IMF to approve and disburse the funds. The IMF confirmed its board of directors has not yet approved the four-year program that follows one of $44B signed with Argentina in 2018, yet this would represent a second IMF bail-out after the most recent bail-out, in 2022, flopped as ministers failed to stop investor flight.

🇧🇷 Brazil Finance Minister Fernando Haddad has stated Brazil is well-positioned to weather a global trade war as United States President Donald Trump unleashed his flurry of import tariffs on goods entering the US last Wednesday. Brazil, as a top exporter of vital commodities to three of the world’s largest economic blocs, hopes for a free trade deal between the European Union and the South American trade bloc Mercosur, and also aims to open new markets.

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