Shares in the Ibovespa were mostly higher on Friday, outperforming global markets as investors monitored the deadline for trade deals set by US President Trump. Earlier this week, Trump threatened to impose 50% tariffs on Brazilian goods by next week, though aircraft and orange juice were excluded. Markets remain alert to Brazil’s response as the standoff continues. On the macro front, Brazilian assets were relatively unaffected by the pessimistic US jobs data. Brazilian industrial production rose 0.1% in June from the previous month, according to the national statistics agency. However, production dropped 1.3% year-over-year, forecasts expected a 0.4% monthly increase and a 0.6% annual decline.Meanwhile, Vale gained 0.8% despite reporting a 24% decline in quarterly profit, while CSN rose 1.2% despite a 92.3% plunge in net earnings. Also, Gerdau shares fell 1.2% after posting an 8.6% drop in Q2 adjusted net income. Petrobras added 0.5%, and Embraer fell 1.2%.