The Free Thing Became the Unfair Thing
Section 301 was built to pry open foreign markets. Now it's being used to protect Visa and Mastercard from a free public payments system that 140 million Brazilians built themselves.
Source article: U.S. imposes 25% tariff on Brazilian goods, citing PIX payment system.
Column metadata
- Published
- Pen name
- Mimi Wright-Fubar
- Topic tags
- international trade, economy, business and finance, corruption, banking, consumer goods
- Storylines
- trump-tariffs, brazil-pix
- Primary entities
- United States, Brazil, PIX, Visa, Mastercard, Luiz Inácio Lula da Silva, Marco Rubio, Mauro Vieira, Alisha Chhangani, Atlantic Council
- Themes
- trade policy, digital payments, financial inclusion, Section 301 tariffs, U.S.-Brazil relations
- Floor values engaged
- Accountability of power, Equality & fairness, Informed citizenship