Although U.S. tariffs will hinder Brazil's economy and reduce foreign direct investment, unique opportunities for Brazilian exporters may mitigate the impact of the looming global trade war.

With the U.S.'s tacit support, Israel will likely keep expanding its military operations in Gaza in the hopes of pressuring both Hamas and local civilians there to leave, thereby making it easier to reoccupy the Strip.

The outcome of Ecuador's presidential run-off will determine the risk of gridlock, social spending levels, debt risks and efforts to combat violent crime; as both candidates have left the door open to disputing the outcome, a political crisis is also possible

If the 46% U.S. tariff on Vietnamese goods remains in place, it will quickly destabilize the country's export-reliant economy, creating substantial risks that could compel Hanoi to deepen its reliance on China.