The main losers in a tariff war are the buyers
It worked for China, but I don’t think their position is very similar. I do remember when twitter got blocked there the Brazilian government didn’t chicken out so who knows what will happen. 🌮?
Did it work for China? Last I checked China held basically all the cards and America got peanuts out of that deal while China got MASSIVE concessions.
America’s real intention seems to be getting a deal, and it might get peanuts out of the upcoming deal with Brazil as well, but i am mainly wondering what Brazil will end up with because I don’t know enough about the trade between US and Brazil to know how good their cards are. But probably Brazils size gives me the impression their cards are quite decent (like China’s).
Not as big a market but still decently sized, and one of the few that imports more then they export.
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