Quote from: Coyster on Today at 01:35:17 PM

Quote from: r_victory on July 12, 2025, 09:47:37 PM

Yes, my friends, the impact on our economy is expected to be significant, but unfortunately, we are not alone in this. Other countries will also see their economies affected by Trump's "protectionist" taxation.

The American economy is also not going to be left out if Trump starts an economic war, remember that the United States imports significantly from the Brazil market, so a retaliatory 50% tariff from Brazil would also be significant for the U.S. and its customers.

There is no trade deficit between the United States and Brazil, and in fact, the value of US exports to Brazil is greater than the value of imports. That means if Trump wants to have a trade war with Brazil, they will be the country that suffers more.
Brazil is a rare country that has a trade deficit with the United States, along with the Netherlands and Hong Kong, and taxing these countries would not benefit American businesses and consumers.

Quote from: Coyster on Today at 01:35:17 PM

Trump cannot successfully bully the entire world and if he keeps up with it, over time it will only push the rest of the world to trade more often with one another and avoid the U.S. market in situations when they can, which will be bad for them.

Even if he had no such intention, with the threats he made, the rest of the world woke up and tried to stay away from the US market because no one wants to be bullied or threatened again in the future.

BRICS is benefiting more than ever as more countries want to join and become partners.