moderndiplomacy.eu·3 min read·medium
Trump's Brazil Tariffs: Causing a Pivot to Asia
M
Mugdha Joshi
✦AI Summary
The article examines how U.S. protectionist trade policies under the Trump administration have pushed Brazil to diversify its trade partners. By imposing significant tariffs on Brazilian goods, the U.S. has inadvertently encouraged Brazil to strengthen economic ties with Asian markets, including China, Singapore, and South Korea.
Trump's economic strategy has widely been tied into the weaponisation of tariffs. The US-China trade war, beginning in 2018 during Trump's first term, culminated in tariffs on American and Chinese goods worth a total of $735 billion, as of August 2020.
politicsbusinesseconomyworld
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