U.S. Tariff Targets Brazil's Pix System | Bitcoin and Crypto News

Starting July 22, the U.S. slams Brazil with a 25% tariff under Section 301 — the first time this trade law targets a nation’s payment system — zeroing in on Pix, Brazil’s dominant instant payment app used by 90% of adults and outpacing credit cards. The U.S. argues Pix gives Brazilian firms an unfair edge over American giants like Visa and Mastercard. Meanwhile, Brazil’s central bank eyes regulating dollar-backed stablecoins — already wildly popular for payments — fearing they threaten financial control. Despite crypto’s rise, the U.S. dollar remains king in Brazil’s digital economy. This bold move sets a global precedent: can countries build their own payment systems without triggering trade wars? Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a952a3e78c9c0015