Trump announces 50% tariff on Brazil over Bolsonaro trial, 'unfair' trade
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Dedollarization speedrun any%
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Dedollarization speedrun any%
Yeah, dollar reserves have lost about 11% this year. https://www.tradingview.com/symbols/TVC-DXY/?timeframe=60M
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distraction from his epstein files situation, nice try trump.
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It's more insane than that. 55% is only on certain items from China. Most are at 35%. So effectively Brazil would be higher. The craziest is they're higher for purposes of political interference from USA...
remember , magats dont realize the countries arnt paying for tairffs, its the customers down the line.
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Yeah, I feel somewhat guilty for trumpposting, but threatening Brazil for handling with its own internal politics is the lowest of the low for any country. Disgusting, even for him.
I'd just try to replace every USA import with a chinese equivalent if I were Lula and divert e.g. meat exports to China and the EU. That would be fun to watch https://www.datamarnews.com/noticias/brazils-beef-exports-to-the-u-s-soar-by-498-despite-trumps-tariffs/ muricans without hamberders.
Lol, that is exactly what I've been doing for months now. Why pay extra for a device which has a few final assembly steps in the US, when i can just source the components directly from China and build it in house?
Switching up key suppliers to avoid paying taxes to the trump regime is a hard sell with the suits upstairs, but when the Americans start slapping additional taxes onto themselves and driving up their prices, they are handing me a divestment opportunity on a silver platter.
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Don't forget that Brazil is one of the few countries that the US has a positive trade imbalance with. The stated goal of the tariffs was always balancing trade, this is explicitly political strong-arming.
Well, we need to use tariffs until they sell us more goods! Obviously we're losing too many goods to them and not bringing enough in!
