Trump's Tariffs Return, Targeting Brazil First; Poland's Housing Market Booms; Greece Blocks EU Sanctions on Russia

The Trump administration has announced the imposition of 25% tariffs on thousands of products originating from Brazil. This move, part of an investigation under Section 301, signals that similar measures could be extended to other nations, including the European Union. Experts note that Washington increasingly uses tariffs not only as a trade policy tool but also as leverage in economic disputes. The EU, however, has secured a mechanism to suspend preferential tariffs on American goods.

In Poland, the housing market has reached a historic high with over 70,000 apartments available across seven major markets, according to JLL data. While apartment sales remain strong, the pace of growth has decelerated. Developers are increasingly resorting to discounts and promotions. Experts highlight that price increases for new apartments exceeding inflation have only been observed in Warsaw and Poznan, strengthening buyers' positions.

Greece has reportedly blocked the European Union's 21st package of sanctions against Russia. According to the Financial Times, Athens opposed proposals that could impact the Greek shipping company Dynagas, which transports Russian LNG from the Yamal terminal. This decision underscores the growing difficulty in maintaining unanimity among member states regarding further sanctions.

Additionally, reports suggest that the Japanese conglomerate Seven & i Holdings, owner of the 7-Eleven chain, is analyzing the possibility of acquiring stakes in Żabka Group. This potential investment could accelerate the Japanese company's expansion in Europe. Analysts point out that Poland is increasingly attracting the attention of major global investors due to its rapid economic growth and attractive market prospects.