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Brazil will raise tariffs on 102 U.S. exports and break patents in an attempt to force the U.S....

Brazil will raise tariffs on 102 U.S. exports and break patents in an attempt to force the U.S. to end subsidies to cotton producers. Exports most affected: cotton, wheat, chemicals, auto parts.
Comments (1)
  • glennbahia
    , contributor
    Comments (94) | Send Message
     
    Granted that Brazil won its case in the WTO . Brazil for a long time has been denouncing US and European agricultural subsidies and the'protectionist practices of wealthy nations'. However, a quick comparison of the tariffs charged by Brazil on its principal imports from the USA and what the USA tariffs its main Brazilian imports, will reveal which country is the true free trade advocate, in fact, not words. Japan, S.Korea, Taiwan, China etc. accumulated their large foreign reserves thanks to Americas open markets and this without reciprocity from the Asians. China saw what the tigers got away with, as the tigers saw what Japan before them had done without arousing Americas ire (tariff and non-tariff barriers to imports, manipulated fx rates etc.) Basically, the Asian countries imported only what was absolutely necessary or they couldnt make economically (aircraft, military equipment, foodstuffs, commodities etc.) The USA has lost millions of jobs and entire industries in the process that really began in the 1960s. I read measures of jobs lost from the 90s foward but the erosion began decades earlier. Of course, Brazilian protectionism has helped protect local industries that would not stand open competion from Asia- textiles,toys etc. Maybe they are smarter or more patriotic than we were as we blithely watched our neighbors lose their jobs. There is a correlation between the bankruptcy of banks, consumers, federal,state & local govts. and the disappearance of the Made in USA from the products we buy. I remember as a boy in the 60s, virtually everything we owned at home ( except maybe a transistor radio made in Japan/Hong Kong) was American made: tools,domestic appliances, TVs & stereo, pots and pans,clothes, sheets and towels, etc. etc. Now, residing outside the US for 2 decades, i notice on every trip back to the states (every 3 or 4 yrs) what product now is no longer made locally.
    10 Mar 2010, 07:40 PM Reply Like
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