IBOV 176,167 ▲ 0.24% IPSA 10,928 ▲ 0.16% IPC MEX 66,583 ▲ 0.92% MERVAL 3,225,548 ▼ 0.30% COLCAP 2,294.91 ▼ 0.55% BVL PERÚ 56,428.20 ▲ 1.23% USD/BRL5.07▼ 1.23% USD/MXN17.44▼ 0.51% USD/CLP926.25▼ 0.71% USD/COP3,247▼ 0.48% USD/PEN3.39▼ 0.60% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.25▲ 0.29% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.46% BRENT 85.00 ▲ 2.04% WTI 79.61 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.12% GOLD 4,060 ▲ 1.56% SILVER 58.97 ▲ 2.31% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.31 ▲ 1.52% PETR4 40.60 ▼ 0.15% VALE3 74.18 ▲ 1.83% ITUB4 43.42 ▼ 0.23% BBDC4 18.50 ▼ 1.44% ABEV3 15.84 ▲ 0.06% BBAS3 20.48 ▲ 1.19% B3SA3 15.39 ▲ 1.79% WEGE3 44.54 ▲ 0.34% PRIO3 56.95 ▼ 0.44% SUZB3 41.38 ▼ 0.27% RENT3 40.31 ▲ 0.27% AZZA3 18.84 ▼ 1.98% CSAN3 3.87 ▼ 0.77% RAIZ4 0.31 ▼ 6.06% PCAR3 2.46 ▼ 5.02% GMAT3 4.00 ▲ 1.52% PSSA3 54.13 ▲ 0.17% CVCB3 1.36 ▲ 8.80% POSI3 3.94 ▼ 1.25% SLCE3 13.72 ▼ 1.08% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.12 ▼ 2.29% CMIN3 5.08 ▼ 6.79% USIM5 8.26 ▼ 1.43% GGBR4 23.13 ▲ 1.36% ENEV3 26.84 ▼ 0.15% CPFE3 47.23 ▲ 0.83% CMIG4 11.14 ▲ 0.63% EQTL3 40.76 ▲ 1.37% LREN3 14.21 ▲ 0.42% VIVT3 35.48 ▲ 2.16% RAIL3 14.07 ▼ 0.28% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▲ 1.37% RDOR3 35.92 ▲ 1.01% HAPV3 10.86 ▲ 3.82% FLRY3 16.42 ▲ 1.67% SMTO3 16.11 ▼ 1.59% UGPA3 29.84 ▼ 3.52% VBBR3 33.04 ▲ 0.85% BBSE3 40.29 ▲ 0.02% BPAC11 57.88 ▲ 0.63% CURY3 32.90 ▼ 0.66% AERI3 2.07 ▼ 0.48% VIVARA 23.36 ▲ 1.08% COMPASS 25.24 ▲ 1.90% VAMOS 3.05 ▲ 0.99% SANB11 27.32 ▼ 0.18% ASAI3 8.64 ▼ 0.80% SBSP3 30.30 ▼ 0.23% WALMEX 49.45 ▼ 0.40% GMEXICO 201.00 ▲ 2.77% FEMSA 232.96 ▲ 3.37% CEMEX 22.09 ▲ 1.42% GFNORTE 186.35 ▲ 2.35% BIMBO 56.48 ▲ 1.09% TELEVISA 9.55 ▼ 0.62% AMX 22.88 ▲ 1.28% GAP 390.63 ▼ 4.30% ASUR 277.05 ▼ 0.58% OMA 235.32 ▲ 0.86% KOF 180.42 ▼ 0.69% GRUMA 281.16 ▼ 0.07% KIMBER 38.48 ▲ 0.68% SQM-B 67,270 ▲ 0.09% COPEC 6,120 ▲ 1.04% BSANTANDER 78.60 ▲ 0.51% FALABELLA 5,920 ▲ 0.25% ENELAM 85.06 ▲ 1.02% CENCOSUD 2,050 ▲ 0.49% CMPC 1,081 ▲ 0.32% BANCO CHILE 187.72 ▲ 1.47% LATAM AIR 24.72 ▼ 0.72% YPF 77,475 ▲ 0.39% GGAL 7,960 ▼ 1.49% PAMPA 5,210 ▼ 0.29% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,690 ▲ 1.25% CEPU 2,318 ▼ 0.04% MIRGOR 16,700 ▼ 1.76% COME 45.25 ▲ 1.05% LOMA NEGRA 3,530 ▲ 0.93% BYMA 302.75 ▼ 1.78% TELECOM ARG 4,295 ▲ 1.06% ECOPETROL 16.03 ▲ 0.91% BANCOLOMBIA 81.53 ▲ 1.38% GRUPO AVAL 4.91 — 0.00% CREDICORP 390.74 ▲ 0.39% SOUTHERN COPPER 180.99 ▲ 3.70% BUENAVENTURA 30.81 ▲ 3.32% MERCADOLIBRE 1,856 ▼ 0.59% NUBANK 13.87 ▲ 1.43% XP 16.72 ▲ 2.14% PAGSEGURO 9.17 ▼ 1.24% STONE 11.15 — 0.00% GLOBANT 31.46 ▼ 2.07% TECNOGLASS 43.62 ▲ 1.82% GAP AIRPORT 224.00 ▼ 3.77% ASUR 277.05 ▼ 0.58% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.56% FEMSA ADR 133.49 ▲ 3.47% CEMEX ADR 12.69 ▲ 1.93% PETROBRAS ADR 17.90 ▲ 0.08% VALE ADR 14.57 ▲ 2.75% ITAU ADR 8.54 ▲ 0.77% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 53.31 ▼ 0.04% BTC 64,555 ▲ 3.72% ETH 1,874 ▲ 5.67% SOL 77.21 ▲ 3.14% XRP 1.11 ▲ 4.09% BNB 579.48 ▲ 2.27% ADA 0.16 ▲ 3.61% DOGE 0.07 ▲ 3.48% AVAX 6.65 ▲ 3.19% LINK 8.26 ▲ 4.88% DOT 0.85 ▲ 1.61% LTC 44.67 ▲ 2.72% BCH 236.58 ▲ 0.15% TRX 0.33 ▲ 0.32% XLM 0.18 ▲ 2.21% HBAR 0.07 ▼ 0.08% NEAR 2.03 ▲ 5.70% ATOM 1.56 ▲ 1.30% AAVE 98.62 ▲ 4.51% SELIC 14.25% EMBRAER 82.90 ▼ 0.13% EMBRAER ADR 65.37 ▲ 1.38% JBS 11.84 ▲ 0.30% JBS BDR 59.99 ▼ 1.02% MBRF3 16.11 ▲ 2.48% MBRFY 3.11 ▲ 1.97% INTER 5.65 — 0.00% EGX 52,299 ▼ 0.59% USD/ZAR16.38▼ 0.57% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.22▼ 0.14% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.35% GBP/USD1.34▼ 0.08% SPX 7,551 ▲ 0.48% DJI 52,478 ▼ 0.04% NDX 29,662 ▲ 1.36% RUT 2,967 ▲ 0.47% TSX 35,342 ▲ 0.25% VIX 16.36 ▼ 4.66% USD/CAD1.41▼ 0.59% US10Y 4.5790 ▼ 0.65% IBOV 176,167 ▲ 0.24% IPSA 10,928 ▲ 0.16% IPC MEX 66,583 ▲ 0.92% MERVAL 3,225,548 ▼ 0.30% COLCAP 2,294.91 ▼ 0.55% BVL PERÚ 56,428.20 ▲ 1.23% USD/BRL 5.07 ▼ 1.23% USD/MXN 17.44 ▼ 0.51% USD/CLP 926.25 ▼ 0.71% USD/COP 3,247 ▼ 0.48% USD/PEN 3.39 ▼ 0.60% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.25 ▲ 0.29% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 0.46% BRENT 85.00 ▲ 2.04% WTI 79.61 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.12% GOLD 4,060 ▲ 1.56% SILVER 58.97 ▲ 2.31% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.31 ▲ 1.52% PETR4 40.60 ▼ 0.15% VALE3 74.18 ▲ 1.83% ITUB4 43.42 ▼ 0.23% BBDC4 18.50 ▼ 1.44% ABEV3 15.84 ▲ 0.06% BBAS3 20.48 ▲ 1.19% B3SA3 15.39 ▲ 1.79% WEGE3 44.54 ▲ 0.34% PRIO3 56.95 ▼ 0.44% SUZB3 41.38 ▼ 0.27% RENT3 40.31 ▲ 0.27% AZZA3 18.84 ▼ 1.98% CSAN3 3.87 ▼ 0.77% RAIZ4 0.31 ▼ 6.06% PCAR3 2.46 ▼ 5.02% GMAT3 4.00 ▲ 1.52% PSSA3 54.13 ▲ 0.17% CVCB3 1.36 ▲ 8.80% POSI3 3.94 ▼ 1.25% SLCE3 13.72 ▼ 1.08% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.12 ▼ 2.29% CMIN3 5.08 ▼ 6.79% USIM5 8.26 ▼ 1.43% GGBR4 23.13 ▲ 1.36% ENEV3 26.84 ▼ 0.15% CPFE3 47.23 ▲ 0.83% CMIG4 11.14 ▲ 0.63% EQTL3 40.76 ▲ 1.37% LREN3 14.21 ▲ 0.42% VIVT3 35.48 ▲ 2.16% RAIL3 14.07 ▼ 0.28% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▲ 1.37% RDOR3 35.92 ▲ 1.01% HAPV3 10.86 ▲ 3.82% FLRY3 16.42 ▲ 1.67% SMTO3 16.11 ▼ 1.59% UGPA3 29.84 ▼ 3.52% VBBR3 33.04 ▲ 0.85% BBSE3 40.29 ▲ 0.02% BPAC11 57.88 ▲ 0.63% CURY3 32.90 ▼ 0.66% AERI3 2.07 ▼ 0.48% VIVARA 23.36 ▲ 1.08% COMPASS 25.24 ▲ 1.90% VAMOS 3.05 ▲ 0.99% SANB11 27.32 ▼ 0.18% ASAI3 8.64 ▼ 0.80% SBSP3 30.30 ▼ 0.23% WALMEX 49.45 ▼ 0.40% GMEXICO 201.00 ▲ 2.77% FEMSA 232.96 ▲ 3.37% CEMEX 22.09 ▲ 1.42% GFNORTE 186.35 ▲ 2.35% BIMBO 56.48 ▲ 1.09% TELEVISA 9.55 ▼ 0.62% AMX 22.88 ▲ 1.28% GAP 390.63 ▼ 4.30% ASUR 277.05 ▼ 0.58% OMA 235.32 ▲ 0.86% KOF 180.42 ▼ 0.69% GRUMA 281.16 ▼ 0.07% KIMBER 38.48 ▲ 0.68% SQM-B 67,270 ▲ 0.09% COPEC 6,120 ▲ 1.04% BSANTANDER 78.60 ▲ 0.51% FALABELLA 5,920 ▲ 0.25% ENELAM 85.06 ▲ 1.02% CENCOSUD 2,050 ▲ 0.49% CMPC 1,081 ▲ 0.32% BANCO CHILE 187.72 ▲ 1.47% LATAM AIR 24.72 ▼ 0.72% YPF 77,475 ▲ 0.39% GGAL 7,960 ▼ 1.49% PAMPA 5,210 ▼ 0.29% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,690 ▲ 1.25% CEPU 2,318 ▼ 0.04% MIRGOR 16,700 ▼ 1.76% COME 45.25 ▲ 1.05% LOMA NEGRA 3,530 ▲ 0.93% BYMA 302.75 ▼ 1.78% TELECOM ARG 4,295 ▲ 1.06% ECOPETROL 16.03 ▲ 0.91% BANCOLOMBIA 81.53 ▲ 1.38% GRUPO AVAL 4.91 — 0.00% CREDICORP 390.74 ▲ 0.39% SOUTHERN COPPER 180.99 ▲ 3.70% BUENAVENTURA 30.81 ▲ 3.32% MERCADOLIBRE 1,856 ▼ 0.59% NUBANK 13.87 ▲ 1.43% XP 16.72 ▲ 2.14% PAGSEGURO 9.17 ▼ 1.24% STONE 11.15 — 0.00% GLOBANT 31.46 ▼ 2.07% TECNOGLASS 43.62 ▲ 1.82% GAP AIRPORT 224.00 ▼ 3.77% ASUR 277.05 ▼ 0.58% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.56% FEMSA ADR 133.49 ▲ 3.47% CEMEX ADR 12.69 ▲ 1.93% PETROBRAS ADR 17.90 ▲ 0.08% VALE ADR 14.57 ▲ 2.75% ITAU ADR 8.54 ▲ 0.77% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 53.31 ▼ 0.04% BTC 64,555 ▲ 3.72% ETH 1,874 ▲ 5.67% SOL 77.21 ▲ 3.14% XRP 1.11 ▲ 4.09% BNB 579.48 ▲ 2.27% ADA 0.16 ▲ 3.61% DOGE 0.07 ▲ 3.48% AVAX 6.65 ▲ 3.19% LINK 8.26 ▲ 4.88% DOT 0.85 ▲ 1.61% LTC 44.67 ▲ 2.72% BCH 236.58 ▲ 0.15% TRX 0.33 ▲ 0.32% XLM 0.18 ▲ 2.21% HBAR 0.07 ▼ 0.08% NEAR 2.03 ▲ 5.70% ATOM 1.56 ▲ 1.30% AAVE 98.62 ▲ 4.51% SELIC 14.25% EMBRAER 82.90 ▼ 0.13% EMBRAER ADR 65.37 ▲ 1.38% JBS 11.84 ▲ 0.30% JBS BDR 59.99 ▼ 1.02% MBRF3 16.11 ▲ 2.48% MBRFY 3.11 ▲ 1.97% INTER 5.65 — 0.00% EGX 52,299 ▼ 0.59% USD/ZAR 16.37 ▼ 0.52% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.21 ▼ 0.14% USD/CNY 6.7595 ▼ 0.17% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1426 ▲ 0.34% GBP/USD 1.3382 ▲ 0.25% SPX 7,551 ▲ 0.48% DJI 52,478 ▼ 0.04% NDX 29,662 ▲ 1.36% RUT 2,967 ▲ 0.47% TSX 35,342 ▲ 0.25% VIX 16.36 ▼ 4.66% USD/CAD 1.4068 ▼ 0.60% US10Y 4.5790 ▼ 0.65%
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Tuesday, July 14, 2026

Brazil Politics - Brazil

Warning Shot, Not Verdict: Why Brazil and South Africa Landed on America’s Trafficking Watch List

By · September 30, 2025 · 2 min read

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The U.S. State Department has shifted Brazil and South Africa to the Tier 2 Watch List in its Trafficking in Persons assessment—a formal warning that both countries are trying to fight human trafficking but are not keeping pace with the problem.

It’s the bureaucratic equivalent of a yellow card: improve quickly or risk penalties attached to U.S. anti-trafficking law, from funding restrictions to diplomatic friction.

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What tipped the scales? For Brazil, authorities opened fewer investigations, filed fewer prosecutions, and secured fewer initial convictions than in earlier years.

The mechanics matter: trafficking cases are complex, require early victim identification, and depend on specialized policing, prosecutors who know how to build evidence beyond victim testimony, and judges trained to read labor and sexual-exploitation patterns.

When any link weakens, the whole chain falters—and the numbers slide. South Africa’s picture is mixed. Officials launched a new sub-provincial task team and won more convictions in some areas.

Warning Shot, Not Verdict: Why Brazil and South Africa Landed on America’s Trafficking Watch List. (Photo Internet reproduction)
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Yet they identified fewer victims overall and initiated fewer new cases, suggesting that capacity exists but detection and follow-through remain uneven.

Stronger Coordination Key to Combating Evolving Human Trafficking

The story behind the story is about momentum. Human trafficking adapts quickly—moving from street brothels to encrypted apps, from visible forced labor to subcontracted supply chains.

Countries that don’t keep training, funding, and coordination tightly aligned see apparent backsliding even when policies look good on paper.

Delays in publishing the assessment this year also kept governments guessing about benchmarks—another sign that staffing and continuity matter on all sides.

Why readers outside these countries should care is straightforward. The Watch List label shapes investment and compliance decisions.

Multinationals will reassess risk in agriculture, construction, logistics, domestic work, and tourism; lenders and buyers will demand stronger audits and worker-grievance channels.

For migrants and low-wage workers, better early screening at borders and worksites can mean the difference between disappearing into coercion and being identified in time.

What improvement looks like over the next year is not mysterious: more proactive labor inspections and cyber-investigations; standardized training for police, prosecutors, and judges; survivor-centered services that make witnesses safer; and case tracking that turns arrests into convictions.

If Brazil and South Africa can turn those gears at once, the yellow card can be lifted—and real people will feel the difference.

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