The Economist.
Hello and welcome to The Intelligence from The Economist.
I'm your host, Jason Palmer.
Every weekday we provide a fresh perspective on the events shaping your world.
In the Asian super-rich stakes, it used to be China that stood out,
at least if you counted private jet sales.
Now Chinese numbers have plummeted And the big buyer for personal planes in the region is India,
but not for the same reasons.
And Hong Kong's cha chan teng, or tea restaurants,
are a quirk of history, a sugary mix of East and West.
In their homelands, they're thinning out,
but in the Hong Konger diaspora from Australia to Taiwan to Canada, they're booming.
First up, though.
President Donald Trump is having yet another personality clash with yet another world leader.
This time it's Brazil's president, Luís Inácio Lula da Silva, or Lula.
Mr. Trump has amped up his favorite new threat,
saying he'll impose a 50% tariff on all Brazilian imports.
which would go into effect on Friday.
So, pun only half intended here, what's his beef?
It's fair to say that Trump and Lula have almost nothing in common and do not admire each other.