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The US has launched a trade investigation into Brazil’s digital payment system, Pix, as BRICS nations explore a new reserve currency. The probe targets alleged preferential treatment disadvantaging US firms.
- The US investigation targets Brazil’s Pix system, questioning if it unfairly sidelines US payment firms.
- BRICS’ potential reserve currency plans add a geopolitical layer to the US-Brazil trade tensions.
- A 50% tariff threat by Trump underscores the probe’s high-stakes economic and political implications.
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