Governors issued a joint letter to the president of Camex and VP Alckmin, big tech companies met with VP Alckmin to discuss Trump’s tariffs, and the Central Bank is expected to announce the benchmark interest rate

BRAZIL POLITICS - Report 30 Jul 2025 by Murillo de Aragão and Cristiano Noronha

Governors from the states of Minas Gerais, Paraná, Rio de Janeiro, Rio Grande do Sul, Santa Catarina, and São Paulo issued a joint letter to the president of Brazil’s Foreign Trade Chamber (Camex) and Vice President Geraldo Alckmin, requesting a postponement of the decision regarding tariff reduction requests for electrified vehicles. Vice President Alckmin said he met with big tech companies for the second time on Tuesday (July 29), during which they agreed to establish a working group to discuss regulatory issues. According to Alckmin, the tech firms expressed a desire for a regulatory environment that fosters technological innovation, economic opportunity, and legal certainty. Today, the Central Bank is expected to announce its decision on the benchmark interest rate, which is likely to remain at 15% per year.

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