Monday, 2 December 2019

Trump's message on Twitter saying his administration will impose tariffs on steel and aluminum production of Brazil and Argentina shows how disconnected from the reality is the Bolsonaro government, and that the much-vaunted partnership with the US has proved to be pure wishful thinking

In a message posted on Twitter, the president of the United States, Donald Trump,  accuses Brazil and Argentina of devaluing their currencies and thereby harming US farmers. According to the president of the United States, his government will retaliate against Brazil and Argentina by reinstating import tariffs on steel and aluminum from both countries.

Thus, the US government indicates how unrealistic the current Brazilian government is. Jair Bolsonaro, who even said "I love you" to Trump after the Brazilian president's speech and before the American's speech at the UN General Assembly on September 25 in New York, now faces open retaliation by Donald Trump, until then the leader Bolsonaro considered his great partner.

According to the Poder360 website, "in the steel alloys category alone, Brazil exported 1.2 billion dollars in 2018 and 850 million dollars in 2019. Brazil is one of the largest exporters of steel to the United States."

According to economist Laura Carvalho, "Trump will take advantage of the high dollar to put tariffs on our products. That is, we will suffer the inflationary impact of the devaluation of the real without even reaping possible benefits on export performance. Who has a friend like Trump not need enemies".

Today, leaving the Alvorada Palace, Bolsonaro commented on Trump's decision to raise tariffs on Brazilian steel: “I will talk to Paulo Guedes, if I speak to Trump, I have an open channel with him”.

No comments:

Post a Comment

Brazil to Host World's Largest Biogas Plant, Pioneering Sustainable Energy

The Louis Dreyfus Company (LDC) marks construction commencement of the world's largest biogas plant from citrus effluents, which is loc...