The revolt against U.S. payment monopolies - MR Online
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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.

A shopper pays with Pix at a store in Rio de Janeiro. Brazil’s public instant-payment system cuts Visa and Mastercard out of millions of transactions. Washington has imposed tariffs in an attempt to protect the U.S. payment monopolies.

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.

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