The Office of the US Trade Representative (USTR) opens two days of hearings on Monday over whether to impose a 25% tariff on Brazilian goods, the culmination of a Section 301 investigation spanning digital trade and electronic payments (Pix, Brazil's instant-payment system, chief among them), preferential tariffs, anti-corruption enforcement, intellectual property, ethanol and deforestation.
On paper, it is a commercial dispute. In practice, it has become a Brazilian electoral matter — and an audition over which Brazil Washington would rather deal with.
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