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Notice 14323NoticeTrump 47 · R Quiet signal

Presidential Notice 14323

Continuation of the National Emergency With Respect to Brazil

This notice continues for one year the national emergency with respect to Brazil originally declared by Executive Order 14323 on July 30, 2025, citing ongoing concerns about Brazilian government actions including censorship, political persecution, human rights violations, and interference with U.S. economic interests. The continuation is made under section 202(d) of the National Emergencies Act and extends the emergency authority beyond its July 30, 2026 expiration date.

Federal Register Open PDF 91 FR 47929

Impact dates

  1. Continued emergency expires unless extended again

  2. 21d ago

    Original emergency expiration date

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Technology & softwareOil & gasAgricultureOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseTrading-partner exporter — Brazilian exporters face potential sanctions risk and deteriorated trade relations under continued emergency
  • UncertainDownstream manufacturer — U.S. manufacturers dependent on Brazilian commodities (soy, iron ore, oil, aircraft) face supply chain uncertainty if sanctions expand
  • AdverseImporter — U.S. importers of Brazilian goods may face compliance burdens, payment restrictions, or supply disruptions

Geographies

US

Exposure dates

  • — Original emergency expiration date
  • — Continued emergency expires unless extended again

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

AAPLAppleADMArcher Daniels MidlandBGBungeNVDANVIDIASHELShellTSLATeslaTSNTyson Foods

Confidence: medium · Policy alerts

Key directives

  • Continue national emergency with respect to Brazil for 1 year beyond July 30, 2026
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency authority continues in effect upon publication

Near term (90d)

  • Potential sanctions designations or other IEEPA-based actions against Brazilian entities/individuals
  • Congressional notification and Federal Register publication

Long term

  • Sustained U.S.-Brazil bilateral tension
  • Potential expansion of sanctions programs
  • Ongoing monitoring of Brazilian judicial and political developments

Risks & tensions

  • Diplomatic friction with major South American economy and BRICS member
  • Potential retaliation against U.S. commercial interests in Brazil
  • Tension between promoting free expression and accusations of foreign interference in domestic judicial processes
  • IEEPA use for human rights/democracy concerns expands precedent for emergency declarations
Presidential Notice 14323: Continuation of the National Emergency With Respect to Brazil · Executive Orders