Lula defends Pix as sovereign system against US threats
President Lula asserts Pix's sovereignty after US criticism, as the USTR included it in a trade barriers report, highlighting its local development by Brazil's Central Bank.
Brazilian President Luiz Inácio Lula da Silva has defended the Pix payment system as a sovereign tool, in response to threats from the United States. The Office of the United States Trade Representative (USTR) recently included Pix in its annual report on trade barriers, raising concerns about potential sanctions or international pressure. Lula emphasized that Pix is a system developed and operated entirely by Brazil's Central Bank, highlighting its local nature and importance to the national economy. This stance reflects the Brazilian government's determination to protect its financial innovations from external interference, amid growing trade tensions.