The Prague Post - Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro

EUR -
AED 4.240268
AFN 73.314484
ALL 96.054104
AMD 433.818535
ANG 2.066829
AOA 1058.767536
ARS 1597.954673
AUD 1.677233
AWG 2.078279
AZN 1.965553
BAM 1.955884
BBD 2.317899
BDT 141.206033
BGN 1.973567
BHD 0.434819
BIF 3418.546059
BMD 1.154599
BND 1.481963
BOB 7.981341
BRL 6.067766
BSD 1.150849
BTN 109.07866
BWP 15.865678
BYN 3.425646
BYR 22630.146881
BZD 2.314499
CAD 1.601435
CDF 2635.372788
CHF 0.917926
CLF 0.027056
CLP 1068.305242
CNY 7.980418
CNH 7.990612
COP 4229.280698
CRC 534.422833
CUC 1.154599
CUP 30.596882
CVE 110.269711
CZK 24.589275
DJF 204.928756
DKK 7.49647
DOP 68.502927
DZD 153.573561
EGP 60.941588
ERN 17.31899
ETB 177.905001
FJD 2.606393
FKP 0.869081
GBP 0.866459
GEL 3.093977
GGP 0.869081
GHS 12.609539
GIP 0.869081
GMD 84.863497
GNF 10090.431117
GTQ 8.807376
GYD 240.900293
HKD 9.036068
HNL 30.555305
HRK 7.557082
HTG 150.856445
HUF 390.35736
IDR 19617.566308
ILS 3.622694
IMP 0.869081
INR 109.513978
IQD 1507.564411
IRR 1516277.571045
ISK 144.047566
JEP 0.869081
JMD 181.14774
JOD 0.818579
JPY 185.067296
KES 149.486387
KGS 100.969911
KHR 4609.19693
KMF 494.168687
KPW 1039.142815
KRW 1741.135988
KWD 0.355513
KYD 0.959041
KZT 556.363771
LAK 25030.069419
LBP 103055.203072
LKR 362.515489
LRD 211.169022
LSL 19.761644
LTL 3.409231
LVL 0.698405
LYD 7.346314
MAD 10.75596
MDL 20.213864
MGA 4796.20492
MKD 61.642634
MMK 2423.310727
MNT 4123.238934
MOP 9.285497
MRU 45.949963
MUR 54.000428
MVR 17.838025
MWK 1995.485258
MXN 20.923766
MYR 4.530647
MZN 73.836596
NAD 19.761644
NGN 1597.341739
NIO 42.351809
NOK 11.202916
NPR 174.525457
NZD 2.006272
OMR 0.443459
PAB 1.150849
PEN 4.008871
PGK 4.973212
PHP 69.911048
PKR 321.191523
PLN 4.296345
PYG 7524.321479
QAR 4.195879
RON 5.111758
RSD 117.405016
RUB 94.11263
RWF 1680.571803
SAR 4.332924
SBD 9.285331
SCR 17.363742
SDG 693.914005
SEK 10.938293
SGD 1.492547
SHP 0.866249
SLE 28.345699
SLL 24211.383164
SOS 657.728102
SRD 43.414116
STD 23897.875018
STN 24.501047
SVC 10.06943
SYP 127.615155
SZL 19.759844
THB 37.518704
TJS 10.99597
TMT 4.041098
TND 3.392945
TOP 2.779998
TRY 51.310741
TTD 7.819334
TWD 36.99844
TZS 2969.126857
UAH 50.443855
UGX 4287.183171
USD 1.154599
UYU 46.58199
UZS 14034.599633
VES 540.269765
VND 30409.259872
VUV 137.84233
WST 3.204571
XAF 655.985027
XAG 0.0165
XAU 0.000257
XCD 3.120362
XCG 2.074089
XDR 0.815835
XOF 655.985027
XPF 119.331742
YER 275.484764
ZAR 19.758077
ZMK 10392.780703
ZMW 21.663926
ZWL 371.780513
  • RBGPF

    -13.5000

    69

    -19.57%

  • VOD

    -0.1400

    14.49

    -0.97%

  • NGG

    -0.4800

    81.92

    -0.59%

  • RELX

    -0.1000

    31.97

    -0.31%

  • BTI

    0.3749

    57.8

    +0.65%

  • RIO

    0.8500

    86.64

    +0.98%

  • AZN

    5.0200

    188.42

    +2.66%

  • RYCEF

    -0.5900

    14.65

    -4.03%

  • GSK

    -0.1000

    53.84

    -0.19%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • BP

    0.5100

    46.68

    +1.09%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • JRI

    -0.2700

    11.8

    -2.29%

  • BCC

    0.1400

    74.43

    +0.19%

  • BCE

    -0.2200

    25.25

    -0.87%

Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro
Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro / Photo: Evaristo SA - AFP/File

Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro

President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy.

Text size:

The announcement saw Trump make good on a threat to wield American economic might to punish Brazil -- and Supreme Court Justice Alexandre de Moraes in particular -- for what he has termed a "witch hunt" against former president Bolsonaro.

Unlike the tariffs Trump is slapping on economies around the world, the measures against Brazil have been framed in openly political terms, sweeping aside centuries-old trade ties and a surplus that Brasilia put at $284 million last year.

The moves dramatically increased the pressure on Moraes, who has emerged as one of the most powerful and polarizing people in Brazil -- and a consistent thorn in the far-right's side, after clashing repeatedly with Bolsonaro and others over disinformation.

The Brazilian government's "politically motivated persecution, intimidation, harassment, censorship, and prosecution of (Bolsonaro) and thousands of his supporters are serious human rights abuses that have undermined the rule of law in Brazil," the White House said in a fact sheet announcing the tariffs.

It also cited Brazil's "unusual and extraordinary policies and actions harming U.S. companies, the free speech rights of U.S. persons, U.S. foreign policy, and the U.S. economy," and singled out Moraes by name.

It did not state what date the tariffs would come into effect, but Trump had previously cited August 1.

The new duties were announced shortly after the US Treasury slapped sanctions on Moraes, which followed a similar move by the State Department earlier this month.

The sanctions provoked a swift and furious response from Brasilia, where Attorney General Jorge Messias slammed them as "arbitrary," "unjustifiable" and "a serious attack on the sovereignty of our country."

There was no immediate reaction from Brasilia to the tariffs announcement, but President Luiz Inacio Lula da Silva had earlier denounced Trump's threats as "unacceptable blackmail."

Bolsonaro is on trial for allegedly plotting a coup to stay in power after losing the 2022 election to leftist Lula.

He risks up to 40 years in prison if convicted.

Prosecutors say the plot included a plan to arrest and even assassinate Lula, his vice president Geraldo Alckmin, and Moraes.

Brazil has insisted it will proceed in its prosecution of Bolsonaro, and Trump's intervention in the case has so far improved Lula's popularity, as the Brazilian leader appeals for national unity in the face of US "interference."

- 'Witch hunt' -

Both Marco Rubio, America's top diplomat, and US Treasury Secretary Scott Bessent issued statements Wednesday announcing the new sanctions against Moraes.

"Moraes has taken it upon himself to be judge and jury in an unlawful witch hunt against US and Brazilian citizens and companies," Bessent said.

Rubio, the secretary of state, accused Moraes of "serious human rights abuses, including arbitrary detention involving flagrant denials of fair trial guarantees and infringing on the freedom of expression."

Moraes, 56, has played a controversial role in fighting disinformation.

He was an omnipresent figure during the polarizing 2022 election campaign, aggressively using his rulings to fight election disinformation on social media.

That included blocking the accounts of some prominent conservative figures.

Last year, he ordered the shutdown of tech titan Elon Musk's X network in Brazil for 40 days for failing to tackle the spread of disinformation shared mainly by Bolsonaro backers.

Bolsonaro has called Moraes a dictator, while his son Eduardo, an MP, had lobbied for US sanctions against the "totalitarian" judge.

On Wednesday Eduardo Bolsonaro said the US action was "not about revenge, it's about justice."

"Abuses of authority now have global consequences," he wrote on X.

Trump's private media company has also sued Moraes over his social media-related orders.

The US Treasury cited the Magnitsky Act for the sanctions. It freezes US-based assets and bars travel to the country for foreign officials accused of human rights abuses or corruption.

N.Kratochvil--TPP