Skip to main content

Trump and His Lies, Tax Wars: Brazil and the World Were Taxed

  Brazil's trade deficit with the United States: an unequal relationship: Despite being one of the largest economies in Latin America, Brazil maintains an unbalanced trade balance with the United States. According to data released by O Globo, in 2024 Brazil imported about $ 44 billion in American products, while Brazilian exports to the US added only $ 42 billion. That is, the country closed the year with a commercial deficit of approximately $ 2 billion.   This result puts Brazil among the few business partners that maintain an unfavorable relationship with the United States. In practical terms, it means that Brazil buys more than it can sell to the US market, something that aggravates external dependence and reduces the competitiveness of national industry.   In addition, the deficit occurs even in sectors where Brazil has export tradition, such as agribusiness and mining. Factors such as technical barriers, sanitary requirements and, especially, Trump's tariff wars...
Post a Comment

Magnitsky Act: Possible US sanctions against Alexandre de Moraes increase international tension

 

US Secretary of State Marco Rubio stated during a hearing in the US Congress that there is a strong possibility that the future Donald Trump administration will impose sanctions against the Supreme Court Justice Alexandre de Moraes. The measure would be based on the Magnitsky Act, which authorizes the US government to punish foreigners involved in corruption or serious human rights violations. Created in 2012 and expanded in 2016, the Magnitsky Act allows sanctions to be imposed unilaterally, without the need for a formal judicial process. Based on reports from international organizations, press reports or testimonies, the US Executive can block assets, freeze bank accounts and prevent individuals from accessing the US financial system. In addition, the law allows the sanctioned individual to be banned from entering the country. This legislation was instituted in response to the death of Sergei Magnitsky, a Russian lawyer who exposed a corruption scheme involving tax authorities in his country and ended up dying in prison. Since then, the law has been used to punish those responsible for serious violations in various parts of the world.

In the case of Alexandre de Moraes, the offensive gained momentum after Eduardo Bolsonaro's trip to the United States. During his visit, the congressman sought support from Republican lawmakers to pressure the Brazilian Judiciary, defending the application of the Magnitsky Act as a form of retaliation for the minister's decisions.

The proposal received support from figures linked to the conservative right, including influential businessmen, who began to publicly defend the sanction. However, experts in international law warn that the use of the Magnitsky Act in this context could be considered a deviation from its purpose, which was originally aimed at punishing proven and systematic human rights abuses.

If the sanctions are applied, Moraes could face several restrictions, such as the blocking of accounts linked to American financial institutions, loss of access to digital payment platforms such as Apple Pay and Google Pay, and even monitoring by technology companies to ensure compliance with the measures. Citizens and companies in the United States would also be prevented from carrying out any transactions with him. 

Although the penalties do not automatically extend to other countries, their imposition by the US could generate significant political and diplomatic impacts, deepening tensions between the Brazilian Judiciary and the US government.

Comments

Post a Comment

Popular posts from this blog

Mercosur: Brazil assumes presidency of Mercosur with new agenda of integration and economic growth**

     In a diplomatic transfer that reinforces Brazil’s role in Latin America, President Luiz Inácio Lula da Silva recently traveled to Buenos Aires, Argentina, where he officially assumed the temporary presidency of Mercosur. The ceremony marked another important stage in the history of regional integration, highlighting Brazil’s efforts to promote economic cooperation, trade facilitation, and stronger ties among member countries. Brazil assumes the presidency of Mercosur at a strategic moment, both for the bloc and for the national economy. After years of political and institutional instability, the group formed by Brazil, Argentina, Uruguay, and Paraguay seeks to regain relevance on the international stage, especially in the face of growing global competition for trade agreements and strategic partnerships. What is Mercosur and Why is it Important? Mercosur (Southern Common Market) is an economic bloc created in 1991 with the goal of economically and politically integra...
Post a Comment
Read more

BRICS advocates new means of payments and new members meet in Rio de Janeiro to boost alliances in the Global South

  Rio de Janeiro, one of Brazil's most symbolic cities, was the setting for a historic meeting between the BRICS countries, which now includes new strategic members. At a time when the world is undergoing intense geopolitical and economic transformations, the BRICS are advocating for new means of payment and new members are meeting in Rio de Janeiro with the clear mission of strengthening ties between emerging nations and proposing real alternatives to traditional models of global trade and finance. This meeting marked the beginning of a new, more inclusive and representative phase, with a focus on strengthening the Global South. What is BRICS and why is this meeting important? BRICS is a group originally formed by Brazil, Russia, India, China and South Africa. Together, these nations represent a significant portion of the global economy, the world's population and the planet's natural resources. The big news, however, is the entry of new members into the group. With this, ...
Post a Comment
Read more