Brazil President Luiz Inacio Lula da Silva’s defiant response to Donald Trump’s 50% tariff threat was validated Wednesday — at least in the short term — with markets and businesses breathing a collective sigh of relief at the long list of exemptions to the levies.

U.S. Treasury Department sanctioned the Brazilian judge overseeing case against former President Jair Bolsonaro days after the State Department revoked visa.

RIO DE JANEIRO (AP) — The U.S. Treasury Department on Wednesday announced sanctions on Brazilian Supreme Court Justice Alexandre de Moraes over alleged suppression of freedom of expression and the ongoing trial of former President Jair Bolsonaro.