Washington views Brazil’s promotion of non-dollar payment channels, including Pix and the growth of stablecoins, as a potential threat to dollar-based trade.

The US is proposing 25% tariffs on Brazilian imports targeting digital trade and PIX payments. Here's what it means for crypto and risk assets.

Brazil would be the first country targeted under President Donald Trump's new tariff strategy, which relies on Section 301 of U.S. trade law.

The United States on Wednesday said it would impose a new 25% tariff on certain imports from Brazil, citing unfair trade practices by the world's 10th-biggest economy.