The Revolt Against US Payment Monopolies
On July 15, 2026, Washington announced a new 25% tariff on Brazilian goods, taking effect July 22 — a punishment aimed at protecting U.S. payment monopolies. Pix, Brazil’s public instant-payment system, cuts Visa and Mastercard out of millions of transactions.
In July 2025, Trump imposed a 50% tariff on Brazilian goods in a failed attempt to stop the prosecution of former President Jair Bolsonaro, who was later sentenced to 27 years in prison for plotting a coup. When the U.S. Supreme Court struck down those tariffs in February 2026, Washington tried again.