COLCAP 2,309.56 ▲ 0.49% SELIC 14.25% USD/BRL5.07▼ 0.45% USD/MXN17.39▼ 0.21% USD/CLP934.29▼ 0.02% USD/COP3,219▼ 1.51% USD/PEN3.39▲ 0.09% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% EUR/BRL5.78▼ 1.27% PETR4 41.61 ▲ 1.12% VALE3 72.37 ▲ 0.61% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.83 ▲ 0.25% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.57 ▲ 1.53% SUZB3 41.53 ▼ 0.86% RENT3 36.63 ▼ 2.29% AZZA3 17.83 ▼ 1.87% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.61 ▲ 0.29% CURY3 29.61 ▼ 1.92% AERI3 2.05 ▼ 0.97% PAGSEGURO 9.54 ▲ 2.69% VIVARA 21.29 ▼ 3.05% TECNOGLASS 45.78 ▼ 0.72% INTER 5.56 ▼ 1.07% COMPASS 24.36 ▼ 0.98% VAMOS 3.10 ▲ 0.32% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.63 ▼ 1.21% WALMEX 49.26 ▼ 0.24% GMEXICO 206.96 ▲ 3.05% FEMSA 226.04 ▼ 0.41% CEMEX 21.87 ▼ 0.05% GFNORTE 185.85 ▲ 3.25% BIMBO 59.05 ▼ 0.76% TELEVISA 9.75 ▲ 0.41% AMX 22.72 ▼ 0.09% GAP 376.99 ▼ 0.32% ASUR 272.73 ▼ 0.60% OMA 224.57 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.56 ▼ 1.40% KIMBER 38.12 ▼ 0.70% SQM-B 64,766 ▲ 2.61% COPEC 6,360 ▲ 2.58% BSANTANDER 79.34 ▲ 4.27% FALABELLA 5,905 ▲ 0.50% ENELAM 84.49 ▲ 0.45% CENCOSUD 2,020 ▲ 1.26% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.38 ▼ 0.12% YPF 80,250 ▲ 1.33% GGAL 8,005 ▲ 2.04% PAMPA 5,445 ▲ 3.32% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,775 ▲ 2.89% CEPU 2,351 ▲ 2.71% MIRGOR 16,900 ▼ 1.31% COME 43.11 ▲ 0.37% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,218 ▲ 1.75% ECOPETROL 16.50 ▲ 2.90% BANCOLOMBIA 83.58 ▲ 3.42% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 394.57 ▲ 2.00% SOUTHERN COPPER 186.12 ▲ 6.31% BUENAVENTURA 31.21 ▲ 3.83% MERCADOLIBRE 1,818 ▼ 0.81% NUBANK 14.29 ▲ 2.11% XP 16.76 ▼ 0.24% STONE 11.26 ▲ 1.28% GLOBANT 31.95 ▼ 1.05% GAP AIRPORT 217.10 ▼ 0.01% OMA AIRPORT 103.34 ▼ 0.64% AMX ADR 26.03 ▼ 0.27% FEMSA ADR 129.98 ▼ 0.02% CEMEX ADR 12.59 ▲ 0.76% PETROBRAS ADR 18.48 ▲ 1.59% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.36 ▲ 0.48% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% AAVE 95.14 ▲ 5.98% IPSA 10,957.23 ▲ 0.55% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.50% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.03▲ 0.32% USD/CNY6.76▼ 0.17% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.04% GBP/USD1.34▼ 0.45% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD1.41▲ 0.20% US10Y 4.6300 ▲ 0.70% COLCAP 2,309.56 ▲ 0.49% SELIC 14.25% USD/BRL 5.07 ▼ 0.45% USD/MXN 17.39 ▼ 0.21% USD/CLP 934.29 ▼ 0.02% USD/COP 3,219 ▼ 1.51% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% EUR/BRL 5.78 ▼ 1.27% PETR4 41.61 ▲ 1.12% VALE3 72.37 ▲ 0.61% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.83 ▲ 0.25% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.57 ▲ 1.53% SUZB3 41.53 ▼ 0.86% RENT3 36.63 ▼ 2.29% AZZA3 17.83 ▼ 1.87% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.61 ▲ 0.29% CURY3 29.61 ▼ 1.92% AERI3 2.05 ▼ 0.97% PAGSEGURO 9.54 ▲ 2.69% VIVARA 21.29 ▼ 3.05% TECNOGLASS 45.78 ▼ 0.72% INTER 5.56 ▼ 1.07% COMPASS 24.36 ▼ 0.98% VAMOS 3.10 ▲ 0.32% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.63 ▼ 1.21% WALMEX 49.26 ▼ 0.24% GMEXICO 206.96 ▲ 3.05% FEMSA 226.04 ▼ 0.41% CEMEX 21.87 ▼ 0.05% GFNORTE 185.85 ▲ 3.25% BIMBO 59.05 ▼ 0.76% TELEVISA 9.75 ▲ 0.41% AMX 22.72 ▼ 0.09% GAP 376.99 ▼ 0.32% ASUR 272.73 ▼ 0.60% OMA 224.57 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.56 ▼ 1.40% KIMBER 38.12 ▼ 0.70% SQM-B 64,766 ▲ 2.61% COPEC 6,360 ▲ 2.58% BSANTANDER 79.34 ▲ 4.27% FALABELLA 5,905 ▲ 0.50% ENELAM 84.49 ▲ 0.45% CENCOSUD 2,020 ▲ 1.26% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.38 ▼ 0.12% YPF 80,250 ▲ 1.33% GGAL 8,005 ▲ 2.04% PAMPA 5,445 ▲ 3.32% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,775 ▲ 2.89% CEPU 2,351 ▲ 2.71% MIRGOR 16,900 ▼ 1.31% COME 43.11 ▲ 0.37% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,218 ▲ 1.75% ECOPETROL 16.50 ▲ 2.90% BANCOLOMBIA 83.58 ▲ 3.42% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 394.57 ▲ 2.00% SOUTHERN COPPER 186.12 ▲ 6.31% BUENAVENTURA 31.21 ▲ 3.83% MERCADOLIBRE 1,818 ▼ 0.81% NUBANK 14.29 ▲ 2.11% XP 16.76 ▼ 0.24% STONE 11.26 ▲ 1.28% GLOBANT 31.95 ▼ 1.05% GAP AIRPORT 217.10 ▼ 0.01% OMA AIRPORT 103.34 ▼ 0.64% AMX ADR 26.03 ▼ 0.27% FEMSA ADR 129.98 ▼ 0.02% CEMEX ADR 12.59 ▲ 0.76% PETROBRAS ADR 18.48 ▲ 1.59% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.36 ▲ 0.48% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% AAVE 95.14 ▲ 5.98% IPSA 10,957.23 ▲ 0.55% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.30% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.02 ▲ 0.35% USD/CNY 6.7554 ▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1410 ▼ 0.04% GBP/USD 1.3385 ▼ 0.31% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD 1.4102 ▲ 0.17% US10Y 4.6300 ▲ 0.70%
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Tuesday, July 21, 2026

Brazil Analysis

Brazil’s Rumble Ban Deepens Tensions with Trump’s America

By · February 22, 2025 · 3 min read

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(Analysis) Brazil’s Supreme Court Justice Alexandre de Moraes ordered the immediate suspension of U.S. video-sharing platform Rumble on Friday, escalating a simmering conflict with the newly inaugurated Trump administration.

Citing Rumble’s refusal to comply with court orders, the ban—mirroring the 2024 shutdown of Elon Musk’s X—underscores a Brazilian judiciary at odds with American tech firms tied to President Donald Trump, who took office last month. As Argentina cements its role as Trump’s Latin American ally, Brazil risks isolation under a judiciary critics accuse of socialist bias.

Rumble, launched in 2013 by Canadian CEO Chris Pavlovski, has become a conservative free-speech hub, hosting Truth Social’s video backbone—the social media arm of Trump Media & Technology Group, where Trump holds a $4 billion stake. Vice President JD Vance, an early investor via Narya Capital, further ties Rumble to Trump’s inner circle.

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Valued at $2.1 billion since going public in 2022, Rumble defied Moraes’s demand to block Allan dos Santos, a Bolsonaro ally charged with hate speech. Brazil’s telecom regulator Anatel was given 24 hours to enforce the suspension, with daily fines of $9,000 looming. Rumble and Trump Media retaliated, filing a Florida lawsuit against Moraes this week, alleging First Amendment breaches.

The Law Is for All: A Hollow Claim?

Moraes, a Supreme Court justice since 2017, defends his rulings as upholding “the law is for all,” a post-dictatorship mantra. Yet, his record—suspending nearly 150 accounts since 2022, mostly Bolsonaro supporters—sparks accusations of targeting conservatives while shielding allies of President Luiz Inácio Lula da Silva’s Workers’ Party.

This week, the court charged Bolsonaro with plotting a 2022 coup, a case Moraes oversees, intensifying claims of judicial overreach. Brazilians, long skeptical of equal justice, see the motto as a façade. The fallout is immediate. Rumble’s 5 million Brazilian users lose access, and Truth Social’s operations take a hit, irking a Trump administration already bristling from Musk’s X saga.

Social media buzz suggests Moraes might target Trump confidants like Steve Bannon next, given their Bolsonaro ties—a move that could provoke retaliation. Trump, a vocal advocate for free speech, has hinted at reviewing Brazil’s triple-digit billion-dollar trade relationship with the U.S., a crucial economic lifeline for Brazil

Brazil’s Supreme Court Faces Rising Trust Crisis Amid Musk-Moraes Clash

Argentina Rises as Brazil Falters

Meanwhile, Argentina thrives under President Javier Milei, a libertarian who has aligned with Trump since his 2023 election. Milei’s deregulation and pro-U.S. stance—highlighted in a February meeting with Vance—position Argentina as a counterweight to Brazil.

Its lithium reserves, Vaca Muerta gas field, and beef exports rival Brazil’s assets, but its 46 million people and market-friendly policies make it a nimbler partner. U.S. exports to Argentina reached $12.6 billion in 2023, with projections of doubling by 2030—growth Brazil’s 2.9% GDP in 2024 can’t match, against Argentina’s forecast 5% in 2025.

Brazil’s judiciary might be digging its own grave. The Rumble ban alienates tech investment—Rumble’s creator ecosystem generates millions annually—and strains ties with a Trump White House poised to pivot.

Argentina offers Trump everything Brazil does, without the baggage of a biased court. Sanctions or trade shifts could follow if Moraes persists, sidelining a nation clinging to socialism while its neighbor prospers.

The Rumble saga reveals Brazil’s paradox: a judiciary that claims impartiality yet lacks credibility, clinging to outdated ideologies while inadvertently harming its own nation

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