A Supreme Court judge ordered an investigation into potential insider trading in Brazil’s currency markets around the announcement of US tariffs on Brazilian goods.

Brazil's Supreme Court Justice Alexandre de Moraes authorized an investigation into the alleged use of privileged information on foreign exchange transactions before the announcement of the 50% U.S. tariff on all Brazilian imports in July,

The United States has begun investigating Brazil’s trade practices and “anti-corruption interference,” after the president’s criticisms of Brazil’s treatment of Jair Bolsonaro, a Trump ally.