Overview

• Trump’s threat to impose 50 percent tariffs on all Brazilian imports remains set to take effect August 1, tied to the ongoing trial of former President Jair Bolsonaro.
• Brazil activated its reciprocity law to slap matching 50 percent duties on U.S. goods and filed a formal protest with the U.S. Commerce Secretary and Trade Representative.
• The U.S. Trade Representative has launched an investigation into Brazil’s digital trade regulations, electronic payment systems, preferential tariffs and intellectual property rules.
• Lula denounced the tariff threat as an unacceptable intrusion on national sovereignty and stressed the judiciary operates independently.
• Brazil’s Supreme Court ordered former President Bolsonaro to wear an electronic ankle monitor, barred his communications with foreign officials and authorised police raids on his properties.