US Trade Representative report accuses Brazil of anti-competitive practices favoring Pix payment system (eco.sapo.pt)

• USTR report alleges Brazil's Pix system gives unfair advantage to domestic provider
• Report recommends 25% tariffs on Brazilian products
• Brazil's Central Bank requires prominent placement of Pix in payment apps
• Lula and Bolsonaro campaign on Pix's popularity

"The USTR released a Section 301 report on June 3, 2026, accusing Brazil of anti-competitive measures that favor the Pix instant payment system over US companies Visa, Mastercard, and others. The report recommends 25% tariffs on Brazilian goods. The dispute stems from Brazil's Central Bank requiring financial institutions with over 500k accounts to use Pix and display it prominently. The issue has become a campaign topic in Brazil."