economy
The payments darling in Trump’s crosshairs
US tariff threats against Brazil over payments platform Pix provoke a political storm ahead of elections
TL;DR
- US threatens tariffs against Brazil.
- The threat is specifically directed at the Pix payment platform.
- This has created a significant political controversy in Brazil.
- The timing of the threat is just before the Brazilian elections.
- Pix is a popular and innovative payment system in Brazil.