The U.S. announced the list of products that will be subject to the 50% tariff, the U.S. also imposed sanctions on Justice de Moraes, and the Central Bank kept the benchmark interest rate at 15%

BRAZIL POLITICS - Report 31 Jul 2025 by Murillo de Aragão and Cristiano Noronha

The United States has announced the list of Brazilian products that will be subject to a 50% tariff. The executive order included 694 exceptions, notably orange juice, pulp, and Embraer aircraft. The U.S. government also imposed sanctions on Brazilian Supreme Court Justice Alexandre de Moraes. In response, the Brazilian presidential office issued a statement expressing solidarity with the justice and condemning U.S. interference in Brazil’s judiciary as unacceptable. As expected, the Central Bank kept the benchmark Selic rate at 15% per year.

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