US Imposes Tariffs on Brazil's Pix Payment System
Pix's fee-free nature impacts US trade policy.
1US Tariff Decision
The US has imposed a 25% tariff on $11 billion worth of Brazilian exports, claiming that Brazil's Pix payment system harms American credit card operators. The decision was made under Section 301 of the 1974 Trade Act.
2Impact of Pix
Pix is a free instant payment system used by approximately 180 million people in Brazil. The US argues that Pix disadvantages operators like Visa and Mastercard and restricts trade.
3Brazil's Response
Brazilian President Lula da Silva criticized the US tariff decision, stating that Pix is a heritage of the people and an international reference. Brazil is considering the globalization of Pix.
4Scope of the Tariff
The US tariff will affect a significant portion of Brazil's exports to the US. However, products like beef, coffee, and orange juice are exempt from the tariff.
5Dollar's Hegemony
The US decision is seen as part of an effort to maintain the dollar's hegemony in payment systems. Experts suggest that similar measures could be taken in the future.
6Conclusion and Implications
The US tariff on Pix has created new tensions in international trade. This situation could have long-term effects on payment systems and global trade policies.
Original article: Bitcoin News — ABD, Brezilya'nın Pix Sistemine Karşı Tarife Uyguluyor