IBOV 172,812.43 ▼ 0.32% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.30% USD/MXN17.39▼ 0.24% USD/CLP932.78▼ 0.18% USD/COP3,240▼ 0.88% USD/PEN3.39▲ 0.09% USD/ARS1,477▼ 0.30% 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% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.11% BRENT 91.41 ▲ 2.45% WTI 84.52 ▲ 1.55% IRON ORE 161.91 — — COPPER 6.55 ▲ 3.97% GOLD 4,079 ▲ 1.70% SILVER 59.26 ▲ 4.32% SOY 1,223 ▼ 0.29% CORN 473.75 ▲ 5.39% WHEAT 670.00 ▼ 0.59% COFFEE 324.60 ▼ 2.93% SUGAR 14.94 ▲ 0.81% ORANGE JUICE 148.55 ▲ 0.78% COTTON 80.03 ▲ 3.44% COCOA 5,609 ▲ 1.61% BEEF 222.78 ▼ 1.66% CATTLE 344.45 ▼ 2.14% LITHIUM 69.24 ▲ 3.47% PETR4 41.54 ▲ 0.95% VALE3 72.40 ▲ 0.65% ITUB4 42.35 ▲ 0.12% BBDC4 18.42 ▲ 0.05% ABEV3 15.83 ▲ 0.25% BBAS3 20.50 ▲ 1.64% B3SA3 15.00 ▼ 1.70% WEGE3 42.75 ▼ 0.88% PRIO3 58.61 ▲ 1.59% SUZB3 41.88 ▼ 0.02% RENT3 36.69 ▼ 2.13% AZZA3 17.78 ▼ 2.15% CSAN3 3.77 ▼ 1.31% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.81 ▼ 1.04% PSSA3 53.42 ▼ 1.44% CVCB3 1.14 ▲ 5.56% POSI3 3.76 ▲ 1.62% SLCE3 13.66 ▲ 0.66% NATU3 8.67 ▲ 0.46% BRKM5 5.93 ▼ 0.17% RANI3 7.88 ▼ 1.38% CSNA3 5.11 ▲ 0.79% CMIN3 5.45 ▲ 1.11% USIM5 8.30 ▲ 1.72% GGBR4 23.67 ▲ 0.21% ENEV3 25.27 ▼ 1.48% CPFE3 46.26 ▼ 0.13% CMIG4 10.99 ▼ 0.27% EQTL3 38.36 ▼ 2.37% LREN3 13.18 ▼ 0.98% VIVT3 35.52 ▼ 0.42% RAIL3 13.29 ▼ 2.06% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.47 ▼ 5.59% HAPV3 11.19 ▼ 3.12% FLRY3 16.34 ▼ 1.33% SMTO3 15.42 ▲ 0.06% UGPA3 31.40 ▼ 0.95% VBBR3 33.37 ▼ 2.17% BBSE3 41.05 — 0.00% BPAC11 55.39 ▼ 0.81% CURY3 29.54 ▼ 2.15% AERI3 2.04 ▼ 1.45% VIVARA 21.36 ▼ 2.73% COMPASS 24.36 ▼ 0.98% VAMOS 3.13 ▲ 1.29% SANB11 27.26 ▲ 0.93% ASAI3 8.17 ▲ 0.37% SBSP3 28.41 ▼ 1.97% WALMEX 49.32 ▼ 0.12% GMEXICO 205.00 ▲ 2.08% FEMSA 227.84 ▲ 0.38% CEMEX 21.96 ▲ 0.37% GFNORTE 183.50 ▲ 1.94% BIMBO 59.30 ▼ 0.34% TELEVISA 9.83 ▲ 1.24% AMX 22.71 ▼ 0.13% GAP 379.55 ▲ 0.36% ASUR 272.53 ▼ 0.67% OMA 225.51 ▼ 0.41% KOF 181.41 ▲ 0.33% GRUMA 287.79 ▲ 0.07% KIMBER 38.12 ▼ 0.70% SQM-B 64,132 ▲ 1.60% COPEC 6,360 ▲ 2.58% BSANTANDER 78.80 ▲ 3.56% FALABELLA 5,885 ▲ 0.17% ENELAM 84.80 ▲ 0.82% CENCOSUD 2,013 ▲ 0.91% CMPC 1,091 ▲ 2.34% BANCO CHILE 189.86 ▲ 1.81% LATAM AIR 24.50 ▲ 0.37% YPF 80,525 ▲ 1.67% GGAL 7,940 ▲ 1.21% PAMPA 5,435 ▲ 3.13% TXAR 666.00 ▼ 0.67% ALUAR 968.00 ▲ 0.89% TGS 9,540 ▲ 0.42% CEPU 2,326 ▲ 1.62% MIRGOR 17,050 ▼ 0.44% COME 43.12 ▲ 0.40% LOMA NEGRA 3,633 ▲ 1.68% BYMA 293.75 — 0.00% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.64 ▲ 3.81% BANCOLOMBIA 82.43 ▲ 1.99% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 394.61 ▲ 2.01% SOUTHERN COPPER 184.00 ▲ 5.10% BUENAVENTURA 31.15 ▲ 3.63% MERCADOLIBRE 1,807 ▼ 1.38% NUBANK 14.20 ▲ 1.48% XP 16.64 ▼ 0.98% PAGSEGURO 9.45 ▲ 1.72% STONE 11.14 ▲ 0.13% GLOBANT 32.17 ▼ 0.37% TECNOGLASS 45.69 ▼ 0.91% GAP AIRPORT 218.25 ▲ 0.52% ASUR 272.53 ▼ 0.67% OMA AIRPORT 103.76 ▼ 0.24% AMX ADR 26.07 ▼ 0.13% FEMSA ADR 131.14 ▲ 0.87% CEMEX ADR 12.64 ▲ 1.20% PETROBRAS ADR 18.42 ▲ 1.24% VALE ADR 14.24 ▲ 0.96% ITAU ADR 8.35 ▲ 0.36% SANTANDER BR 5.40 ▲ 0.55% AMBEV ADR 3.11 ▲ 0.81% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% LATAM ADR 52.61 ▲ 1.68% BTC 66,581 ▲ 2.07% ETH 1,930 ▲ 1.36% SOL 77.99 ▲ 0.25% XRP 1.15 ▲ 3.57% BNB 574.68 ▲ 0.69% ADA 0.17 ▲ 2.72% DOGE 0.07 ▲ 1.58% AVAX 6.62 ▲ 0.67% LINK 8.68 ▲ 1.07% DOT 0.85 ▲ 3.25% LTC 47.71 ▲ 0.79% BCH 225.13 ▲ 2.38% TRX 0.33 ▲ 0.60% XLM 0.19 ▲ 2.15% HBAR 0.07 ▲ 2.69% NEAR 1.95 ▼ 1.34% ATOM 1.49 — 0.00% AAVE 96.24 ▲ 7.20% SELIC 14.25% EMBRAER 83.11 ▼ 0.22% EMBRAER ADR 65.48 ▼ 0.68% JBS 11.83 ▼ 1.66% JBS BDR 59.92 ▼ 1.43% MBRF3 15.18 ▲ 4.55% MBRFY 2.96 ▲ 1.72% INTER 5.54 ▼ 1.42% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.48% 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/JPY163.01▲ 0.32% USD/CNY6.76▼ 0.18% 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▼ 0.02% GBP/USD1.34▼ 0.55% SPX 7,504 ▲ 0.82% DJI 52,210 ▲ 0.71% NDX 29,122 ▲ 1.81% RUT 2,972 ▲ 1.02% TSX 35,268 ▲ 0.88% VIX 17.22 ▼ 7.67% USD/CAD1.41▲ 0.22% US10Y 4.6180 ▲ 0.43% IBOV 172,812.43 ▼ 0.32% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.30% USD/MXN 17.39 ▼ 0.24% USD/CLP 932.78 ▼ 0.18% USD/COP 3,240 ▼ 0.88% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,477 ▼ 0.30% 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% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.11% BRENT 91.41 ▲ 2.45% WTI 84.52 ▲ 1.55% IRON ORE 161.91 — — COPPER 6.55 ▲ 3.97% GOLD 4,079 ▲ 1.70% SILVER 59.26 ▲ 4.32% SOY 1,223 ▼ 0.29% CORN 473.75 ▲ 5.39% WHEAT 670.00 ▼ 0.59% COFFEE 324.60 ▼ 2.93% SUGAR 14.94 ▲ 0.81% ORANGE JUICE 148.55 ▲ 0.78% COTTON 80.03 ▲ 3.44% COCOA 5,609 ▲ 1.61% BEEF 222.78 ▼ 1.66% CATTLE 344.45 ▼ 2.14% LITHIUM 69.24 ▲ 3.47% PETR4 41.54 ▲ 0.95% VALE3 72.40 ▲ 0.65% ITUB4 42.35 ▲ 0.12% BBDC4 18.42 ▲ 0.05% ABEV3 15.83 ▲ 0.25% BBAS3 20.50 ▲ 1.64% B3SA3 15.00 ▼ 1.70% WEGE3 42.75 ▼ 0.88% PRIO3 58.61 ▲ 1.59% SUZB3 41.88 ▼ 0.02% RENT3 36.69 ▼ 2.13% AZZA3 17.78 ▼ 2.15% CSAN3 3.77 ▼ 1.31% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.81 ▼ 1.04% PSSA3 53.42 ▼ 1.44% CVCB3 1.14 ▲ 5.56% POSI3 3.76 ▲ 1.62% SLCE3 13.66 ▲ 0.66% NATU3 8.67 ▲ 0.46% BRKM5 5.93 ▼ 0.17% RANI3 7.88 ▼ 1.38% CSNA3 5.11 ▲ 0.79% CMIN3 5.45 ▲ 1.11% USIM5 8.30 ▲ 1.72% GGBR4 23.67 ▲ 0.21% ENEV3 25.27 ▼ 1.48% CPFE3 46.26 ▼ 0.13% CMIG4 10.99 ▼ 0.27% EQTL3 38.36 ▼ 2.37% LREN3 13.18 ▼ 0.98% VIVT3 35.52 ▼ 0.42% RAIL3 13.29 ▼ 2.06% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.47 ▼ 5.59% HAPV3 11.19 ▼ 3.12% FLRY3 16.34 ▼ 1.33% SMTO3 15.42 ▲ 0.06% UGPA3 31.40 ▼ 0.95% VBBR3 33.37 ▼ 2.17% BBSE3 41.05 — 0.00% BPAC11 55.39 ▼ 0.81% CURY3 29.54 ▼ 2.15% AERI3 2.04 ▼ 1.45% VIVARA 21.36 ▼ 2.73% COMPASS 24.36 ▼ 0.98% VAMOS 3.13 ▲ 1.29% SANB11 27.26 ▲ 0.93% ASAI3 8.17 ▲ 0.37% SBSP3 28.41 ▼ 1.97% WALMEX 49.32 ▼ 0.12% GMEXICO 205.00 ▲ 2.08% FEMSA 227.84 ▲ 0.38% CEMEX 21.96 ▲ 0.37% GFNORTE 183.50 ▲ 1.94% BIMBO 59.30 ▼ 0.34% TELEVISA 9.83 ▲ 1.24% AMX 22.71 ▼ 0.13% GAP 379.55 ▲ 0.36% ASUR 272.53 ▼ 0.67% OMA 225.51 ▼ 0.41% KOF 181.41 ▲ 0.33% GRUMA 287.79 ▲ 0.07% KIMBER 38.12 ▼ 0.70% SQM-B 64,132 ▲ 1.60% COPEC 6,360 ▲ 2.58% BSANTANDER 78.80 ▲ 3.56% FALABELLA 5,885 ▲ 0.17% ENELAM 84.80 ▲ 0.82% CENCOSUD 2,013 ▲ 0.91% CMPC 1,091 ▲ 2.34% BANCO CHILE 189.86 ▲ 1.81% LATAM AIR 24.50 ▲ 0.37% YPF 80,525 ▲ 1.67% GGAL 7,940 ▲ 1.21% PAMPA 5,435 ▲ 3.13% TXAR 666.00 ▼ 0.67% ALUAR 968.00 ▲ 0.89% TGS 9,540 ▲ 0.42% CEPU 2,326 ▲ 1.62% MIRGOR 17,050 ▼ 0.44% COME 43.12 ▲ 0.40% LOMA NEGRA 3,633 ▲ 1.68% BYMA 293.75 — 0.00% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.64 ▲ 3.81% BANCOLOMBIA 82.43 ▲ 1.99% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 394.61 ▲ 2.01% SOUTHERN COPPER 184.00 ▲ 5.10% BUENAVENTURA 31.15 ▲ 3.63% MERCADOLIBRE 1,807 ▼ 1.38% NUBANK 14.20 ▲ 1.48% XP 16.64 ▼ 0.98% PAGSEGURO 9.45 ▲ 1.72% STONE 11.14 ▲ 0.13% GLOBANT 32.17 ▼ 0.37% TECNOGLASS 45.69 ▼ 0.91% GAP AIRPORT 218.25 ▲ 0.52% ASUR 272.53 ▼ 0.67% OMA AIRPORT 103.76 ▼ 0.24% AMX ADR 26.07 ▼ 0.13% FEMSA ADR 131.14 ▲ 0.87% CEMEX ADR 12.64 ▲ 1.20% PETROBRAS ADR 18.42 ▲ 1.24% VALE ADR 14.24 ▲ 0.96% ITAU ADR 8.35 ▲ 0.36% SANTANDER BR 5.40 ▲ 0.55% AMBEV ADR 3.11 ▲ 0.81% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% LATAM ADR 52.61 ▲ 1.68% BTC 66,581 ▲ 2.07% ETH 1,930 ▲ 1.36% SOL 77.99 ▲ 0.25% XRP 1.15 ▲ 3.57% BNB 574.68 ▲ 0.69% ADA 0.17 ▲ 2.72% DOGE 0.07 ▲ 1.58% AVAX 6.62 ▲ 0.67% LINK 8.68 ▲ 1.07% DOT 0.85 ▲ 3.25% LTC 47.71 ▲ 0.79% BCH 225.13 ▲ 2.38% TRX 0.33 ▲ 0.60% XLM 0.19 ▲ 2.15% HBAR 0.07 ▲ 2.69% NEAR 1.95 ▼ 1.34% ATOM 1.49 — 0.00% AAVE 96.24 ▲ 7.20% SELIC 14.25% EMBRAER 83.11 ▼ 0.22% EMBRAER ADR 65.48 ▼ 0.68% JBS 11.83 ▼ 1.66% JBS BDR 59.92 ▼ 1.43% MBRF3 15.18 ▲ 4.55% MBRFY 2.96 ▲ 1.72% INTER 5.54 ▼ 1.42% EGX 53,990 ▲ 1.63% USD/ZAR 16.46 ▼ 0.21% 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 ▲ 0.34% USD/CNY 6.7553 ▼ 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 1.1409 ▼ 0.04% GBP/USD 1.3373 ▼ 0.39% SPX 7,504 ▲ 0.82% DJI 52,210 ▲ 0.71% NDX 29,122 ▲ 1.81% RUT 2,972 ▲ 1.02% TSX 35,268 ▲ 0.88% VIX 17.22 ▼ 7.67% USD/CAD 1.4100 ▲ 0.16% US10Y 4.6180 ▲ 0.43%
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Tuesday, July 21, 2026

Brazil Analysis

Trump Calls Brazil “Radical Left” as Judge Accused of Evidence Tampering Convicts Bolsonaro

By · September 6, 2025 · 3 min read

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(Op-Ed Analysis) President Donald Trump’s September 5 declaration that Brazil’s government has become “radical left” reveals a deepening crisis where judicial power, economic warfare, and international politics collide in Latin America’s largest democracy.

Trump’s comments came as Brazil’s Supreme Court moved toward convicting former President Jair Bolsonaro on coup charges, despite explosive allegations that the presiding judge manipulated evidence to secure the verdict.

The parallel between Brazil’s judicial overreach and Venezuela’s authoritarian playbook explains why Trump views Brazil as following a dangerous path toward radical leftist control.

The Evidence Manipulation Scandal

Eduardo Tagliaferro, former head of Brazil’s electoral tribunal’s disinformation unit, testified from Italy that Justice Alexandre de Moraes ordered him to backdate reports used to justify Federal Police raids against Bolsonaro supporters.

Documents dated August 22, 2022 were actually written on August 28, five days after the raids occurred, creating false legal justification for completed operations.

Tagliaferro revealed “shadow cabinets” operating through WhatsApp groups where informal orders from Moraes’ aide Airton Vieira became formal court actions.

Vieira joked about manipulating data when Moraes fixated on political targets, showing an institution driven by partisan objectives rather than constitutional procedure.

The judge created lists of up to 200 Bolsonaro supporters for prosecution while systematically ignoring violations by leftist actors.

Internal messages instructed blocking and fining critics without transparent justification, reducing due process to after-the-fact rationalization.

Trump Calls Brazil "Radical Left" as Judge Accused of Evidence Tampering Convicts Bolsonaro
Trump Calls Brazil “Radical Left” as Judge Accused of Evidence Tampering Convicts Bolsonaro
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Economic Consequences of Political Persecution

Trump’s 50% tariffs, effective since August 6, target a country that provides America with a substantial trade surplus.

Official data shows the US exported $49.1 billion to Brazil in 2024 while importing only $42.3 billion, creating a $6.8 billion surplus. Including services, America’s total surplus reached $23.1 billion.

The tariffs contradict traditional trade logic but serve a clear political purpose: pressuring Brazil to end what Trump calls a “witch hunt” against his ally Bolsonaro.

Brazil’s exports to the US dropped 18.5% in August alone, forcing the government to announce a $5.5 billion support package for affected exporters.

Coffee and beef prices have surged in American markets, with 30% of US coffee imports coming from Brazil. The economic pain demonstrates how Brazil’s judicial persecution creates consequences beyond its borders.

Venezuela Parallel Gains Credibility

Brazil’s alignment with authoritarian regimes validates Trump’s “radical left” assessment. President Lula has strengthened ties with Venezuela’s Nicolás Maduro despite overwhelming evidence of election fraud and drug trafficking.

The US Treasury accuses Maduro of facilitating 250 tons of cocaine annually through his cartel network.

Lula’s foreign policy extends this pattern. Brazil joined South Africa’s genocide case against Israel at the International Court of Justice and openly champions BRICS currency alternatives to undermine the US dollar.

Lula stated “we cannot depend on the dollar” while promoting trade mechanisms that directly challenge American economic leadership.

Judicial Power Without Limits

Justice Moraes represents what critics term Brazil’s “juristocracy” – unelected judges wielding executive power without accountability.

He banned social media platform X nationwide after Elon Musk refused censorship orders, demonstrating how Brazilian courts have abandoned impartial justice for partisan enforcement.

The Supreme Court added extra proceedings through September 12 to complete Bolsonaro’s conviction, with three of five panel members appointed by Presidents Lula and Dilma Rousseff.

Defense lawyers argue the court lacks evidence while prosecutors present handwritten notes and message exchanges as proof of conspiracy.

Bolsonaro faces over 40 years imprisonment if convicted on all charges, including leading an armed criminal organization and plotting to assassinate President Lula and Justice Moraes. He remains under house arrest with electronic monitoring after allegedly violating court restrictions.

International Stakes Rise

Trump’s sanctions against Justice Moraes under the Global Magnitsky Act mark unprecedented interference in another democracy’s judicial system, while Brazil condemns this as unacceptable sovereignty violation.

The timing coincides with Brazil’s Independence Day on September 7, historically used by Bolsonaro supporters for political demonstrations. Federal authorities monitor for potential unrest as the former president’s fate hangs in balance.

Trump’s characterization reflects observable policy patterns rather than partisan rhetoric. Brazil’s systematic alignment with authoritarian regimes, weaponization of judicial institutions against political opponents, and economic policies designed to undermine American interests demonstrate a radical shift that justifies serious international concern.

The outcome will determine whether judicial persecution can eliminate democratic opposition in Latin America’s largest country, with implications extending far beyond Brazil’s borders to the future of hemispheric democracy itself.

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