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U.S.-Brazil Feud Could Speed Up De-Dollarization

BRAZIL, JUL 25 – The U.S. threatens 50% tariffs and visa bans over Brazil's judicial actions and Pix payment system, used by 76% of Brazilians, aiming to reduce dollar dependence.

Summary by Foreign Policy
A popular Brazilian payment system is causing concerns in Washington.

3 Articles

Bahia's Secretary of Labor, Employment, Income, and Sports (SETRE), Augusto Vasconcelos, responded strongly to statements by former US President Donald Trump, who announced his intention to impose trade sanctions on Brazil, citing the instant payment system PIX as one of the targets. According to Vasconcelos, PIX is a Brazilian innovation that has become a global benchmark for facilitating public access to payment methods, eliminating intermedia…

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Foreign Policy broke the news in United States on Thursday, July 24, 2025.
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