Trump Declares Economic War on Brazil and BRICS: 100% Taxation Is in Sight!

Written by Paulo Nogueira

Published on 02/12/2024 at 20:40

Foto: Reprodução

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Understand How The Decisions Of Trump And Lula Are Redesigning The Global Economic Scenario

The recent escalation of tensions between Donald Trump, elected president of the USA, and the government of Lula has placed Brazil at the center of a political and economic confrontation with global impacts. The possibility of a 100% tax on products from Brics countries, announced by Trump, has reignited the debate about dependence on the dollar in international transactions and the future of Brazil-United States relations.

Where Does This Friction Between Lula And Trump Come From?

The animosity between the leaders began in 2022, when Lula took office and decided to position Brazil alongside powers like Russia and China, two major antagonists of the USA. In 2023, Lula’s support for Hamas during the conflict with Israel and Brazil’s closeness to countries like Iran and North Korea exacerbated negative perceptions in Republican circles.

Then in 2024, during the presidential campaign in the USA, Lula declared support for Kamala Harris, Trump’s direct opponent, and even called him a Nazi, inflating tensions even further. Now, with Trump’s victory and his impending inauguration in 2025, promises to retaliate economically against Brazil are beginning to take shape.

ARTICLE CONTINUES BELOW

Brics Under Attack: Taxation Of Products Is The First Weapon

Donald Trump made it clear that he will not allow Brics countries to implement an alternative currency to the dollar without consequences. He stated that any attempt to replace the dollar will result in 100% tariffs on products exported to the USA. For Brazil, which exported US$ 29.4 billion to the USA between January and September 2024, including oil, beef, and aircraft, this measure would be devastating.

However, Lula insists on creating a Brics currency, reinforcing his rhetoric against the dollar. In 2023, he was already questioning: “Why should all countries trade backed by the dollar?” This view, however, does not take into account historical agreements like Bretton Woods, which solidified the dollar as the global benchmark.

The Impact Of Taxation On Brazil

With Trump determined to protect the interests of the USA, Brazil faces significant risks. Such aggressive taxation would directly harm Brazilian exports and could destabilize key sectors of the economy, such as agribusiness and the aerospace industry.

Moreover, the trade flow of over US$ 60 billion between the two countries could plummet, exacerbating Brazil’s isolation in the North American market. It is important to remember that the USA is one of Brazil’s largest trading partners, and losing this relationship would be disastrous.

Lula Versus Trump: Who Gives In First?

While Trump adopts a tough and strategic stance, Lula faces the difficult task of balancing his international alliances and protecting the Brazilian economy. The Brazilian government has already indicated that it prefers to avoid direct confrontations, but the challenge will be dealing with Trump’s demands without compromising its ambitions in Brics.

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Osvaldo Farias

#91367

06/12/2024 08:30

Essa reportagem contém alguns equívocos, mas o Brasil e os BRICS estão no caminho certo. Chega de domínio de uma nação só….

-1

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Glauco

#91348

06/12/2024 07:38

Geopolitica é difícil mesmo

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Trump Declares Economic War on Brazil and BRICS: 100% Taxation Is in Sight!

Understand How The Decisions Of Trump And Lula Are Redesigning The Global Economic Scenario

Where Does This Friction Between Lula And Trump Come From?

Brics Under Attack: Taxation Of Products Is The First Weapon

The Impact Of Taxation On Brazil

Lula Versus Trump: Who Gives In First?

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Trump Declares Economic War on Brazil and BRICS: 100% Taxation Is in Sight!

Understand How The Decisions Of Trump And Lula Are Redesigning The Global Economic Scenario

Where Does This Friction Between Lula And Trump Come From?

Brics Under Attack: Taxation Of Products Is The First Weapon

The Impact Of Taxation On Brazil

Lula Versus Trump: Who Gives In First?

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

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