US President Donald Trump has imposed a 50% tariff on Brazilian imports, effective August 1, citing unfair trade practices and criticizing Brazil's Supreme Court. This move comes amid diplomatic tensions and Trump's support for former President Jair Bolsonaro, who is facing trial for inciting a coup attempt. The announcement coincided with the release of FOMC minutes suggesting potential rate cuts, initially boosting the crypto market. However, Bitcoin, which had reached an all-time high of $112,000, dipped to $110,800 as global trade tensions impacted market sentiment. The situation remains dynamic, with potential additional tariffs on countries supporting BRICS policies.