Overview

• The State Department revoked visas for Alexandre de Moraes, seven other Supreme Federal Court justices and their immediate families under orders from President Trump.
• A 50% tariff on all Brazilian imports is set to take effect on August 1 as part of the administration’s broader protectionist agenda.
• Brazil convened an interministerial committee to coordinate retaliatory measures after invoking its Economic Reciprocity Law.
• Potential Brazilian countermeasures under review include limiting US companies’ dividend remittances and waiving foreign drug patents.
• The US Trade Representative opened an investigation into Brazilian digital commerce services and electronic payments, signaling possible further escalation.