The payments darling in Trump’s crosshairs
- Posted on July 14, 2026
- By Financial Times
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- 1 min read
The Trump administration's tariff threats against Brazil have ignited controversy surrounding Pix, the nation's innovative digital payment system. This escalating trade tension emerges during a politically sensitive period leading up to Brazilian elections, raising questions about economic protectionism and the future of fintech cooperation. The dispute threatens to impact Brazil's thriving payments sector and complicates bilateral trade relations between the two nations.
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