As Brazil’s Pix system expands and BRICS eyes a reserve currency, Trump responds with a 50% tariff and a sweeping trade investigation.
The United States has launched a formal investigation into Brazil’s digital trade practices, with a spotlight on Pix, the country’s instant payment system that has rapidly displaced private-sector competitors.
The probe, announced on Tuesday by US Trade Representative Jamieson Greer, will examine whether Brazil’s digital and trade policies unfairly disadvantage US companies.
Greer said the investigation will review Brazil’s “tariff and non-tariff barriers,” saying the country offers preferential treatment to other trade partners while disadvantaging US exporters.
