Trump-Brazil Feud Could Speed Up De-Dollarization

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Points this week: US President Donald Trump’s attacks on Brazil It reflects a greater struggle for the US dollar, Mexico City Officials respond to anti -improvement protests, and Argentina Political script writer sees her presentation.

The relationship of US President Donald Trump has relatively calm with Brazil in recent weeks because it threatened a 50 percent tariff rate on Brazilian exports and announced a new visa ban on Brazilian judges who are heading the ongoing trial of former President Geer Bolsonaro for his participation in a coup plot.

In addition to dissatisfaction with the trial of Bolsonaro, the Trump administration was martyred with a set of grievances that lead its escalating, including Brazil’s treatment of social media platforms and even the removal of forests.

But the other main concern is the humble voltage of Brazil to get rid of the global dominance of the US dollar. Last week, the United States has opened a commercial investigation that would search whether Brazil is fairly preferred to the immediate payment system managed by the central bank, PIX, for other payment services. The competitors of the system include US credit card companies.

PIX, which is free for individual users, has flourished since its introduction in 2020. It is used by about 76 percent of the Brazilians, according to the Central Bank, and the International Monetary Fund and G-20 praised a success story. The PIX has provided access to the electronic transfers of many Brazilians who had previously had no bank account.

But Pix has geopolitical effects, former Brazilian diplomat Philip Yang wrote this week piauí. The payment system, which moves the equivalent of $ 450 billion per month so far this year, “works outside the ecosystem in dollars. The fetus represents independent systems, such as Brics Pay” – a reference for the process of development to facilitate transactions between British countries in their countries – which threaten slow and park expensive for Swift.

Belgium -based Swift is the world’s main system of banking messages to facilitate transportation operations. It is worth noting that the American authorities are also cooperating in enforcing financial sanctions. This is something that the bush system does not do, if someone comes out of the ground, it will certainly not.

Yang wrote, partly that the United States focuses on protecting the dominance of the dollar, in part because its hegemony in other worlds of the global economy-such as exporting goods and leadership in some advanced technologies-has slipped to China.

However, Trump’s recent actions towards Brazil may lead to counterproductive results and harm the global position of the United States, financial or otherwise.

For example, many foreign political observers saw a visa ban on Brazilian judges as a transcendence. Some in the Bolsonaro Internal Circle pressed Trump to move forward and impose financial penalties on judges under the Magnitsky Global law, which will require further proof of committing more violations than the visa ban.

“I cannot imagine that they will be able to justify corruption successfully [accusations] Jana Nelson, a former US Defense Department in Latin America, said to every member of the Supreme Court.

Financial sanctions on Brazilian judges can also provide more incentives to Brazil to diversify completely from the US dollar trade. Nelson said it will not be a surprise, although Brazil is limited in the short term by the current structure of the financial sector, the need to control inflation, and the Brazilian and family relationships with the United States and its international system.

Many Brazilian political thinkers, for their part, urge this transformation. “More than ever, you should lead Brazil, along with the BRICS partners and other blocks, and the development and integration of independent payment and trade systems,” wrote Yang, a former Brazilian diplomat.

Friday, August 1: The US tariffs are scheduled to enter 30 percent on Mexican goods and 50 percent on the Brazilian goods if it is not agreed on an alternative rate.

Sunday, August 17: Bolivia held general elections.

Chinese Argentina melted. On Tuesday, Argentina eased the entry requirements for some Chinese visitors, who no longer need additional entry visas if they have good weapons. The move comes after China extended the visa -free entry policy to the citizens of Argentina, Brazil, Chile, Peru and Uruguay starting from June.

Last week, the administration of Argentine President Javier Millie signed an agreement to resume work on two supported Charmchartin projects in a tray in the southern province of Santa Cruz, which stopped for nearly two years amid delay in paying and delaying contracts.

These are the latest pro -Beijing steps in favor of Miley in the right -wing, who criticized China during his 2023 campaign, but has managed his position since he took office as he seeks to stabilize the financial affairs of Argentina.

Mexican protests improve. Mexico City has been celebrated as a digital Bedouin Bedouin destination, with the rush of Americans and others there since the beginning of the Covid-19s. The prices of housing increased in some neighborhoods as a result, and this month witnessed two protests to combat the city’s liberation.

Last week, the mayor of Mexico Clara Borujada announced a plan to enhance the ability to withstand housing costs, which included strengthening the rights of tenants and building more public housing. The city is already limited to increased rent in the inflation rate last year.

Experts say what is required is a fast and bureaucratic building for more housing units; Only 3,500 new homes were registered in the city in 2023, according to the director of the Canadvi Association.

Evangelists inside and outside the screen. Art often simulates life, but Argentine script writer Claudia Beniero wrote in a conversation article She never imagined the how much policy that will simulate her Netflix series Kingdom. The presentation, which began writing in early 2018, presents Argentine presidential elections, which are partly decided by the effect of evangelical priests.

At that time, Beniro was inspired by neighboring Brazil. But now, Miley made a great effort to introduce the evangelical churches into the party’s policy, and this month became the first Argentine president to sit at the opening of the Invisi Temple, where he argued that the policies of redistributing leftist income are not Christian.

The alliance required of Milei with Argentine Evangelists is far from a deal to make. The group is heterogeneous and still lacks ties to the party’s organized policy compared to the Evangelists in Brazil. But since the evangelists constitute at least 15 percent of the population in Argentina, they draw the attention of politicians.

Murvin Yamarti, the Venezuelan immigrant who was returned home from a prison in El Salvador, embraces his daughter upon his arrival at his home in Maracapo, Venezuela, on July 22.Federico Parra/AFP via Getty Images

After months of legal challenges and general criticism about the expulsion of Venezuelan immigrants in the United States to El Salvador this year, about 250 detainees were sent to Venezuela last Friday as part of a deal between the three countries.

The United States expelled the migrants in March, claiming that they were part of the crime group, Treen de Aragoa. Lawyers objected to many immigrants on these allegations and assaulted the fact that they had not been given an opportunity to challenge their removal operations legally. Reports have emerged about the severe mistreatment of the detainees who were imprisoned in El Salvador.

Meanwhile, the Trump administration claimed it had no authority to transfer people from El Salvador. But as part of Friday’s agreement, the detainees from El Salvador – although the indigenous Venezuela went to return to the United States.

Venezuela also sent 10 detainees and permanent residents to the United States and released dozens of Venezuelans, including political prisoners, inside the country.

US Secretary of State Marco Rubio and President of Salvadori Nayeb Bukley celebrated the liberation of Venezuelan political prisoners. Likewise, Venezuelan civil society activists did, even when they called for more transparency. Foro Penal Rights Group said on Monday that it had managed to verify 48 Venezuelans who were released, less than the eighties announced.

Mubadala shows that the United States maintains low dialogue channels by the administration of Venezuelan President Nicholas Maduro-is ready to use them in achieving supportive goals of democracy within the country. This contradicts Trump’s landslide dependence on the penalties to try to encourage regime change during his first term.

Meanwhile, Venezuela said she would open an investigation into an alleged abuse of detainees who were imprisoned in El Salvador. The Maduro government is often accused of abusing prisoners in its prisons. However, his pledge to investigate the Salvadorian prisons is still noticeable because a few Latin American leaders were explicitly criticizing the acceptance of an agent for the phases.

Many leaders realize that the importance of the issue of Trump is aware of the use of their political capital elsewhere.