Bolsonaro Testifies, LA Erupts in Protest, Brazil Acts on IOF Increase

Brazil and US News: Bolsonaro Testifies, LA Protests Erupt, and Brazil Addresses IOF Increase On June 9th, 2025, Brazil and the United States saw significant developments. In Brazil, former president Jair Bolsonaro testified in court regarding his involvement in an attempted coup. The testimony, part of an ongoing investigation, is expected to have significant political ramifications. Meanwhile, in Los Angeles, protests against Donald Trump's immigration policies continued for a fourth day. Demonstrators voiced their concerns about the policies' impact on immigrant communities. "We are here to fight for our rights and the rights of all immigrants," stated one protestor. In a separate development, Brazil's economic team announced measures designed to offset the impact of a recent increase in the IOF (Imposto sobre Operações Financeiras). The measures aim to mitigate the effects on consumers and businesses. The President of the Chamber of Deputies expressed uncertainty about the measures' approval in Congress, highlighting potential political challenges ahead. The situation underscores the complex interplay between political and economic forces in both nations.