IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL4.96▼ 4.93% USD/MXN18.12▼ 0.26% USD/CLP991.71▲ 0.12% USD/COP3,264▲ 0.30% USD/PEN3.45▲ 0.29% USD/ARS1,524▼ 0.04% USD/UYU40.46▲ 3.63% USD/PYG5,821▲ 3.10% USD/BOB11.93▲ 1.99% USD/DOP59.75▼ 0.25% USD/CRC456.38▲ 2.99% USD/GTQ7.64▲ 3.13% USD/HNL26.86▲ 3.18% USD/NIO36.62— 0.00% USD/VES869.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.65% EUR/BRL5.57▼ 5.33% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Monday, October 5, 2026

Brazil Politics - Brazil

Bolsonaro Withholds Backing of São Paulo Governor as Tarcísio Loses Ground on Brazil’s Right

By · August 11, 2025 · 2 min read

Former Brazilian president Jair Bolsonaro is moving away from backing São Paulo governor Tarcísio de Freitas for the country’s 2026 presidential race.

Only a year ago, Tarcísio was seen as the most likely conservative challenger to President Luiz Inácio Lula da Silva — especially among business leaders who value his pro‑market record.

The split comes as Bolsonaro faces an eight‑year ban from holding office, imposed by Justice Alexandre de Moraes — whom U.S. officials have labeled a “dictatorial usurper” — while The Wall Street Journal columnist Mary Anastasia O’Grady has described de Moraes’s actions as a “Supreme Court coup d’état” in Brazil.

Unable to run until 2030, Bolsonaro appears focused on keeping his political movement in the family. The names most often mentioned are his wife Michelle, popular among evangelical voters, and his son Eduardo.

Eduardo is now living in the United States and lobbying Washington to sanction Brazilian officials linked to his father’s legal troubles. Tarcísio, who served as Bolsonaro’s infrastructure minister, remains a strong governor in São Paulo, Brazil’s richest state.

Bolsonaro Withholds Backing of São Paulo Governor as Tarcísio Loses Ground on Brazil’s Right
Bolsonaro Withholds Backing of São Paulo Governor as Tarcísio Loses Ground on Brazil’s Right.
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He has attracted investment and maintained a reputation for competent economic management. But recent 50% U.S. tariffs on key Brazilian exports — including beef, coffee, and stone — have hit São Paulo hardest.

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Business groups estimate a potential 2.7% drop in the state’s GDP and up to 120,000 jobs at risk. Tarcísio has engaged directly with U.S. lawmakers and local industries to mitigate the damage, but this diplomatic approach sits uneasily with Bolsonaro loyalists who prefer confrontation.

For Tarcísio to contest the presidency, he must resign by April 2026. Publicly, he says he will seek re‑election as governor — a stance that reassures Bolsonaro, who wants allies controlling key states but leaves conservatives without a clear national leader.

Behind this political maneuvering is Bolsonaro’s strategy to retain maximum influence. By keeping endorsement decisions open and favoring family over former allies, he preserves control over his base and blocks the rise of an alternative conservative figurehead.

This also keeps attention firmly on his own legal battles, which include trial proceedings for an alleged attempt to overturn the 2022 result.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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