This market resolves based on the official tariff rate imposed by the United States on Brazilian imports as of August 1, 2025.

If the tariff rate published or confirmed by an official US government source (e.g., Office of the US Trade Representative or Department of Commerce) in effect on August 1, 2025, is less than 50%, the market resolves “Yes.”

If the tariff rate on that date is equal to or greater than 50%, or if no tariff has been finalized or imposed by that date, the market resolves “No.”

PS: The tariff rate must apply broadly to Brazilian imports, not limited to isolated product categories.