IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.13▲ 0.42% USD/MXN17.52▲ 0.27% USD/CLP932.66▲ 0.84% USD/COP3,245▼ 0.02% USD/PEN3.41▲ 0.50% USD/ARS1,482▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.30▼ 0.31% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.70% USD/TTD6.74▼ 0.12% EUR/BRL5.87▲ 0.80% BRENT 83.18 ▲ 9.43% WTI 78.00 ▲ 9.23% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.68% GOLD 4,009 ▼ 2.32% SILVER 57.98 ▼ 3.06% SOY 1,194 ▼ 0.25% CORN 463.00 ▲ 5.71% WHEAT 635.25 ▲ 0.51% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.23% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 0.85% GRUMA 281.37 ▼ 0.77% KIMBER 38.22 ▲ 0.39% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,080 ▼ 3.06% PAMPA 5,225 ▲ 0.87% TXAR 664.50 ▼ 0.97% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,319 ▼ 3.21% MIRGOR 17,050 ▼ 1.16% COME 44.78 ▼ 2.46% LOMA NEGRA 3,498 ▼ 2.37% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,250 ▲ 0.12% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 61,901 ▼ 2.91% ETH 1,754 ▼ 2.89% SOL 74.15 ▼ 3.54% XRP 1.06 ▼ 2.80% BNB 563.63 ▼ 1.80% ADA 0.16 ▼ 3.62% DOGE 0.07 ▼ 2.00% AVAX 6.37 ▼ 0.50% LINK 7.81 ▼ 2.30% DOT 0.83 ▼ 1.92% LTC 43.16 ▼ 1.84% BCH 233.44 ▼ 2.72% TRX 0.33 ▼ 1.87% XLM 0.18 ▼ 3.73% HBAR 0.07 ▼ 2.46% NEAR 1.89 ▼ 0.03% ATOM 1.53 ▼ 2.37% AAVE 93.55 ▼ 3.62% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.05 ▲ 0.99% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR16.46▲ 0.82% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.42▲ 0.43% USD/CNY6.77▼ 0.09% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD1.14▼ 0.12% GBP/USD1.33▼ 0.29% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.16 ▲ 14.17% USD/CAD 1.4152 — 0.00% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.14 ▲ 0.57% USD/MXN 17.52 ▲ 0.27% USD/CLP 932.66 ▲ 0.84% USD/COP 3,245 ▼ 0.02% USD/PEN 3.41 ▲ 0.50% USD/ARS 1,482 ▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.30 ▼ 0.31% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.87 ▲ 0.80% BRENT 83.18 ▲ 9.43% WTI 78.00 ▲ 9.23% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.68% GOLD 4,009 ▼ 2.32% SILVER 57.98 ▼ 3.06% SOY 1,194 ▼ 0.25% CORN 463.00 ▲ 5.71% WHEAT 635.25 ▲ 0.51% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.23% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 0.85% GRUMA 281.37 ▼ 0.77% KIMBER 38.22 ▲ 0.39% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,080 ▼ 3.06% PAMPA 5,225 ▲ 0.87% TXAR 664.50 ▼ 0.97% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,319 ▼ 3.21% MIRGOR 17,050 ▼ 1.16% COME 44.78 ▼ 2.46% LOMA NEGRA 3,498 ▼ 2.37% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,250 ▲ 0.12% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 61,901 ▼ 2.91% ETH 1,754 ▼ 2.89% SOL 74.15 ▼ 3.54% XRP 1.06 ▼ 2.80% BNB 563.63 ▼ 1.80% ADA 0.16 ▼ 3.62% DOGE 0.07 ▼ 2.00% AVAX 6.37 ▼ 0.50% LINK 7.81 ▼ 2.30% DOT 0.83 ▼ 1.92% LTC 43.16 ▼ 1.84% BCH 233.44 ▼ 2.72% TRX 0.33 ▼ 1.87% XLM 0.18 ▼ 3.73% HBAR 0.07 ▼ 2.46% NEAR 1.89 ▼ 0.03% ATOM 1.53 ▼ 2.37% AAVE 93.55 ▼ 3.62% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.05 ▲ 0.99% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR 16.46 ▲ 0.69% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.44 ▲ 0.48% USD/CNY 6.7709 ▲ 0.06% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD 1.1386 ▼ 0.29% GBP/USD 1.3355 ▼ 0.32% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.16 ▲ 14.17% USD/CAD 1.4152 — 0.00% US10Y 4.6090 ▲ 0.88%
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Monday, July 13, 2026

Brazil Politics - Brazil

Eduardo Bolsonaro: Trump’s Tariff on Brazil Targets Moraes and Lula’s Government

By · July 10, 2025 · 3 min read

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Official sources confirm that U.S. President Donald Trump has imposed a 50% tariff on all Brazilian imports, effective August 1.

Trump announced this measure after repeated warnings to Brazil, citing what he called “attacks” on American technology companies and a “witch hunt” against former president Jair Bolsonaro.

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The decision follows ongoing legal proceedings in Brazil, where Bolsonaro faces charges related to attempts to overturn the 2022 election results.

Eduardo Bolsonaro, son of Jair Bolsonaro and a federal deputy currently residing in the United States, publicly stated that the tariff represents a direct response to actions by Supreme Court Justice Alexandre de Moraes.

He also attributed it to the administration of President Luiz Inácio Lula da Silva. Eduardo claims that Brazilian authorities ignored multiple diplomatic warnings from the United States, including public statements, official letters, and private meetings.

Eduardo Bolsonaro: Trump’s Tariff on Brazil Targets Moraes and Lula’s Government
Eduardo Bolsonaro: Trump’s Tariff on Brazil Targets Moraes and Lula’s Government. (Photo Internet reproduction)
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He argues that the government and the Supreme Court chose to escalate tensions, which led to this significant economic retaliation. Trump’s official communication to President Lula outlined his concerns about Brazil’s approach to freedom of speech and the rule of law.

He specifically criticized the blocking of U.S.-based social media platforms and the prosecution of Bolsonaro, calling the trial an “international disgrace.” Trump’s letter stated that the tariff would quintuple the previous 10% rate, signaling a sharp escalation in trade measures.

Lula Defends Sovereignty Amid U.S. Tariff Threats

President Lula responded by defending Brazil’s judicial independence and sovereignty. He emphasized that legal actions against Bolsonaro fall strictly within Brazil’s jurisdiction and rejected any external interference.

Lula also disputed Trump’s economic rationale, noting that the United States has maintained a trade surplus of over $410 billion with Brazil in the last 15 years.

Lula warned that Brazil may invoke its Economic Reciprocity Law, which could lead to retaliatory tariffs on U.S. goods. Brazil’s Foreign Ministry summoned the U.S. chargé d’affaires in Brasília to explain the move.

The ministry called Trump’s letter an unacceptable interference in Brazil’s domestic affairs and reaffirmed that Supreme Court decisions are constitutionally grounded.

Meanwhile, Bolsonaro’s allies in Brazil’s Congress praised Trump’s action, describing him as a defender of freedom. Eduardo Bolsonaro has spent recent months in the U.S., lobbying against Justice Moraes and calling for sanctions.

He has also advocated for a broad amnesty for those prosecuted in connection with the January 8, 2023, riots in Brasília. The U.S. and Brazil, two of the largest economies in the Americas, now face rising trade tensions.

The new tariff threatens to disrupt billions in trade, affecting key Brazilian exports such as steel, coffee, and copper. Businesses in both countries could see higher costs and reduced competitiveness if the dispute escalates.

This episode highlights how political disputes and judicial decisions can quickly spill into global commerce. The case underscores the risks for businesses when diplomatic and legal conflicts cross borders and become trade wars.

Both governments now face pressure to resolve the standoff before it damages broader economic relations.

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