GlobalSource Partners | Country Insights

As expected, the Central Bank’s Monetary Policy Committee (Copom) decided to cut the benchmark interest rate (Selic) by 25 percentage points, bringing it to 14.25% per year. The Lower House approved yesterday the Freight Transportation Executive Order (MP 1,343/26). The floor adopted the report a...

The STF upheld the detention of Vorcaro’s cousin and father, the STF also convicted Eduardo Bolsonaro of coercion in the course of judicial proceedings, and the Lower House unblocked its agenda

BRAZIL POLITICS · Report · 17 Jun 2026

The Second Panel of the Federal Supreme Court (STF) upheld yesterday (June 16) the detention of Felipe Cançado Vorcaro and Henrique Moura Vorcaro, respectively the cousin and father of Banco Master owner Daniel Vorcaro. The final vote was 3–1. In the STF’s First Panel, former Federal Congressman ...

The STF should hear the criminal case involving Congressman Eduardo Bolsonaro today, Paulo Gonet rejected Vorcaro’s second plea bargain, and Zé Trovão submitted his report on the Freight Transportation MP

BRAZIL POLITICS · Report · 16 Jun 2026

The First Panel of the Supreme Federal Court (STF) is scheduled to hear today the criminal case involving former Congressman Eduardo Bolsonaro (PL) and political commentator Paulo Figueiredo. The investigation stems from public statements and social media posts in which Eduardo Bolsonaro claimed ...

"Fiscal time bomb" proposals worry the government and other weekly topics

BRAZIL POLITICS · Report · 15 Jun 2026

President Lula is attending the G7 meeting in France. Senate President Davi Alcolumbre may refer the proposal to end the 6-on-1 work schedule to the Senate Constitution and Justice Committee (CCJ). The rapporteur of the provisional measure on minimum freight rates may present his report to the Jo...

Lula will attend the G7 Summit in France this week, Alcolumbre is expected to submit the 6x1 workweek PEC to the CCJ, and the STF should hear the criminal case involving Congressman Eduardo Bolsonaro

BRAZIL POLITICS · Report · 15 Jun 2026

President Lula will attend the G7 Summit in France this week. He is expected to seek a meeting with U.S. President Donald Trump to discuss the tariffs imposed on Brazilian products. This week, Senate President Davi Alcolumbre (União-AP) is expected to refer the proposed constitutional amendment (...

The Federal Police rejected a new plea bargain submitted by Vorcaro, Motta appointed Leo Prates as rapporteur for the 6x1 work schedule bill, and the Copom will meet next week to decide on the benchmark interest rate

BRAZIL POLITICS · Report · 12 Jun 2026

The Federal Police informed the Supreme Federal Court (STF) that it rejected a new plea bargain proposal submitted by Daniel Vorcaro of Banco Master. Authorities concluded that Vorcaro failed to provide new information beyond what had already been uncovered in ongoing investigations and did not i...

Lula has expanded his lead over Flávio Bolsonaro in the polls, the Senate CCJ approved the PEC on the financial autonomy of the Central Bank, and the House approved a bill that would lead to free urban public transportation

BRAZIL POLITICS · Report · 11 Jun 2026

The Genial/Quaest poll released yesterday showed that President Lula (PT) has expanded his lead over Senator Flávio Bolsonaro (PL) to ten percentage points in the first-round simulation (39% to 29%). In May, the gap stood at six points (39% to 33%). One issue that advanced in the Senate despite r...

The TSE began discussions on whether the AtlasIntel poll violated Brazil’s electoral legislation, Alcolumbre met with José Guimarães regarding the 6x1 proposal, and the House may vote on the fuel tax offset bill

BRAZIL POLITICS · Report · 10 Jun 2026

The Superior Electoral Court (TSE) began deliberating yesterday on whether to uphold the individual decision issued by the Court’s president, Justice Kassio Nunes Marques, who on Monday (June 8) ordered the removal of content and suspended the publication of a poll conducted by AtlasIntel. Senate...

Alcolumbre will meet with party leaders today to discuss the 6x1 PEC, the House may vote on the fuel tax exemptions bill, and the TSE will discuss whether an AtlasIntel poll violated Brazil’s electoral legislation

BRAZIL POLITICS · Report · 09 Jun 2026

Today’s main focus is the meeting between Senate President Davi Alcolumbre (União-AP) and party leaders to discuss the procedure for the constitutional amendment proposal (PEC) that would end Brazil’s 6x1 work schedule. The issue is considered a priority for the government. A meeting of Lower Hou...

Consequences of the new tariffs on the presidential race and other weekly topics

BRAZIL POLITICS · Report · 08 Jun 2026

Senate President Davi Alcolumbre is expected to meet with party leaders to discuss the legislative path of the proposal to end Brazil’s 6x1 work schedule. The Senate’s Economic Affairs Committee is set to review the constitutional amendment granting financial autonomy to the Central Bank. A new G...

Alcolumbre should meet this week with party leaders to discuss the 6x1 PEC, the House may vote this week on the fuel tax exemptions bill, and the STF should continue the trial on the Civil Rights Framework for the Internet

BRAZIL POLITICS · Report · 08 Jun 2026

A meeting is expected this week between Senate President Davi Alcolumbre (União-AP) and party leaders to discuss the legislative path of the constitutional amendment proposal (PEC) that would end Brazil’s 6x1 work schedule. The Lower House is expected to attempt a vote this week on Complementary ...

The potential 25% tariff on all imports from Brazil has become a major issue in the presidential campaign, the 6x1 proposal will be analyzed in the CCJ first, and Lula will hold a cabinet meeting today

BRAZIL POLITICS · Report · 03 Jun 2026

The threat by the United States to impose a 25% tariff on Brazilian exports has become a major issue in the presidential campaign. The Lula administration is attempting to link the issue to Senator Flávio Bolsonaro. Yesterday, Senate President Davi Alcolumbre (União Brasil-AP) stated that the con...

The USTR proposed imposing a 25% tariff on all imports from Brazil, Alcolumbre should meet with party leaders to discuss the 6x1 proposal, and São Paulo’s Civil Police launched an investigation into a suspected scheme

BRAZIL POLITICS · Report · 02 Jun 2026

Yesterday evening, the U.S. Trade Representative (USTR) proposed imposing a 25% tariff on all imports from Brazil, except for goods classified as being subject to "national security tariffs". According to the document released late at night, the measure is justified by a series of actions, polici...

Lula's electoral strategy and other weekly topics

BRAZIL POLITICS · Report · 01 Jun 2026

Congress is expected to have a light schedule this week due to the Corpus Christi holiday. On Friday, the United States' designation of the Comando Vermelho (CV) and Primeiro Comando da Capital (PCC) as terrorist organizations officially takes effect. President Lula will convene his cabinet on We...

The federal holiday on Thursday will reduce activity in Congress, the Senate President will meet with party leaders to discuss the voting schedule for the 6x1 PEC, and Lula will hold a cabinet meeting on Wednesday

BRAZIL POLITICS · Report · 01 Jun 2026

Congress will operate on a reduced schedule this week due to the Corpus Christi holiday on June 4. On Tuesday (June 2), Senate President Davi Alcolumbre (União-AP) will meet with party leaders to discuss the legislative timetable for the constitutional amendment proposal (PEC) that would end the ...