USTR says determined that Brazil has performed unreasonable acts under Section 301 and that the acts are actionable, adds US continues to engage with Brazil to seek a resolution and the US will hold a hearing about proposed action on June 6th

[MARKET ANALYSIS] Asia-Pac stocks are mostly subdued after the choppy US performance and mixed geopolitical updates

US Trade Representative proposes to impose tariffs of 25% on all imports from Brazil, except for goods that are subject to Section 232 national security tariffs

USTR says determined that Brazil has performed unreasonable acts under Section 301 and that the acts are actionable, adds US continues to engage with Brazil to seek a resolution and the US will hold a hearing about proposed action on June 6th

[MARKET ANALYSIS] Dollar trades flat after ultimately strengthening yesterday on higher oil prices and mixed geopolitical headlines

Source close to Yemen's Houthis emphasised they will not allow Lebanon to be attacked and Hezbollah to fight alone