Storm clouds gather over America’s financial supremacy PRINT ONLY
Jamieson Greer, America's top trade official, complained last month that Brazil's Pix instant-payments system unfairly disadvantages Visa and Mastercard, proposing a 25 percent tariff. President Lula da Silva refused to abandon the system. The dispute reflects a broader geopolitical shift as countries build alternative payment infrastructure to reduce dependence on American financial dominance.
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Published 19 Jul 2026, 07:22 UTC · Updated 19 Jul 2026, 07:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections