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COUNTRY INSIGHTS

The U.S. may call on Brazil to negotiate as the tariffs are set to take effect next week, both the government and the opposition are politicizing the tariffs issue, and Congress resumes work next week
BRAZIL POLITICS · Report · 01 Aug 2025

According to reports in the press, Brazil is expected to be called upon to negotiate with the U.S. government. However, no date has been set. Both the government and the opposition are attempting to politically capitalize on the situation, each pushing their own agendas. Congress will resume acti...

The U.S. announced the list of products that will be subject to the 50% tariff, the U.S. also imposed sanctions on Justice de Moraes, and the Central Bank kept the benchmark interest rate at 15%
BRAZIL POLITICS · Report · 31 Jul 2025

The United States has announced the list of Brazilian products that will be subject to a 50% tariff. The executive order included 694 exceptions, notably orange juice, pulp, and Embraer aircraft. The U.S. government also imposed sanctions on Brazilian Supreme Court Justice Alexandre de Moraes. In...

Governors issued a joint letter to the president of Camex and VP Alckmin, big tech companies met with VP Alckmin to discuss Trump’s tariffs, and the Central Bank is expected to announce the benchmark interest rate
BRAZIL POLITICS · Report · 30 Jul 2025

Governors from the states of Minas Gerais, Paraná, Rio de Janeiro, Rio Grande do Sul, Santa Catarina, and São Paulo issued a joint letter to the president of Brazil’s Foreign Trade Chamber (Camex) and Vice President Geraldo Alckmin, requesting a postponement of the decision regarding tariff reduc...

The government continues to negotiate countermeasures to Trump’s tariffs, Brazilian senators will meet with U.S. lawmakers today, and the Central Bank’s Copom meets today to discuss the benchmark interest rate
BRAZIL POLITICS · Report · 29 Jul 2025

A contingency plan prepared by the Ministries of Finance, Industry, Trade and Services (MDIC), and Foreign Affairs was presented yesterday to President Lula in an effort to mitigate the impact of the sweeping U.S. tariffs on Brazilian exports, scheduled to take effect on Friday. Sources within th...

Brazil vs. the US and other weekly topics
BRAZIL POLITICS · Report · 28 Jul 2025

On Friday, August 1, a 50% tariff on Brazilian exports to the United States is scheduled to take effect. There is widespread anticipation regarding the measures the Brazilian government will announce in response. The Ministry of Industry, Trade, and Services will hold daily press briefings throug...

Trump’s tariffs are set to take effect this Friday, the government is preparing a series of countermeasures in response, and the Central Bank will meet this week to decide on the benchmark interest rate
BRAZIL POLITICS · Report · 28 Jul 2025

A 50% tariff on Brazilian exports to the United States is scheduled to take effect on Friday, August 1. Negotiations between the two countries have been tense and have shown little progress. Brazil’s Ministries of Finance, Industry and Trade, and Foreign Affairs are preparing a set of countermeas...

Brazil is showing the first signs of negotiations with the U.S., a congressional committee on the issue is expected to begin its agenda next week, and Justice Moraes ruled that Bolsonaro is allowed to give interviews
BRAZIL POLITICS · Report · 25 Jul 2025

The Brazilian government is showing the first signs that it has established a line of communication with the United States regarding the tariffs announced by Trump. Yesterday, Vice President and Minister of Industry and Trade Geraldo Alckmin said he had a long phone conversation with U.S. Commerc...

Brazil is still struggling to negotiate with the U.S. regarding Trump’s tariffs, the government is looking for alternative markets for the country’s exports, and Bolsonaro’s legal team discuss Supreme Court restrictions
BRAZIL POLITICS · Report · 24 Jul 2025

As Brazil struggles to open a negotiation channel with the United States, Finance Minister Fernando Haddad is expected to receive today from his economic team a set of proposals in response to the 50% tariff hike announced by Donald Trump on Brazilian products. These options will be presented to ...

The government released its bimonthly revenue and expenditure report, House President Motta suspended all committee meetings, and a special committee on app-based work has been created
BRAZIL POLITICS · Report · 23 Jul 2025

Last night, the federal government released the Revenue and Expenditure Report for the third two-month period of the year and announced the unfreezing of R$20.7 billion from the 2025 budget. The government had frozen R$31.3 billion back in May. Lower House President Hugo Motta suspended all commi...

Bolsonaro’s party will hold committee sessions in the House despite recess, the government should release its bimonthly revenue and expenditure report, and Haddad said the government is weighing support measures for businesses facing Trump’s tariffs
BRAZIL POLITICS · Report · 22 Jul 2025

The Liberal Party has decided to convene sessions of the Public Security and Foreign Affairs Committees, chaired by Deputies Paulo Bilynskyj and Felipe Barros—both close allies of Bolsonaro. In doing so, they are defying a directive from the President of the Lower House, Hugo Motta, who issued a ...

A new phase in the 2026 presidential race and other weekly topics
BRAZIL POLITICS · Report · 21 Jul 2025

Meetings continue between the government and business leaders to discuss the tariffs imposed by the United States on Brazilian imports. Compensation payments to INSS retirees and pensioners who were victims of fraud are set to begin next week. The economic team will also release its bimonthly rev...

Opposition lawmakers want to impose term limits for STF justices, VP Alckmin is leading the response to the tariff hike, and the government is expected to start reimbursing INSS retirees following the unsolicited deductions
BRAZIL POLITICS · Report · 21 Jul 2025

Opposition lawmakers continue to mobilize following a decision by Supreme Court Justice Alexandre de Moraes imposing restrictions on the movement of former President Jair Bolsonaro. One of their main goals is to build momentum around constitutional amendments limiting single-justice decisions and...

Congress recesses today and should return the week of August 4, Lula gave a nationally broadcast speech last night addressing Trump’s tariffs, and a recent poll shows the tariff episode has had a positive impact on Lula
BRAZIL POLITICS · Report · 18 Jul 2025

Today marks the start of the National Congress’s recess. Legislative activities will resume during the week of August 4. Yesterday, President Lula delivered a nationally televised and broadcast speech addressing the U.S. government's decision to impose a 50% tariff on Brazilian exports. He said t...

Justice Moraes reinstated the decree that raised the IOF tax rate on credit operations, Lula vetoed the bill that would have increased the number of congressmen, and Lula will address Trump’s tariff hike tonight
BRAZIL POLITICS · Report · 17 Jul 2025

Yesterday, Justice Alexandre de Moraes reinstated the decree that raised the IOF tax rate on credit operations. After a conciliation hearing failed to reach consensus, he ruled that the only valid portion of the legislative decree is the one that suspends the IOF tax on “risco sacado” (receivable...

The STF conciliation meeting ended without agreement, the House approved the PEC on court-ordered payments yesterday, and today the Special Committee on income tax may vote on Deputy Lira’s report
BRAZIL POLITICS · Report · 16 Jul 2025

The conciliation meeting between the Executive and Legislative branches, mediated by Supreme Federal Court (STF) Justice Alexandre de Moraes, ended without agreement. Yesterday, the Lower House concluded the vote on the Constitutional Amendment Proposal (PEC) regarding court-ordered government pa...

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