American companies are great to do business with.
Most countries, including Brazil, simply don’t have the capability to pull this on their own. Not enough tech talent nor infrastructure
> American companies are great to do business with.
US officials involving themselves in your national market because they are unhappy with the market share of their companies in it, with the implicit threat of stopping other areas of trade if you dont allow the companies to gain a larger market share makes US companies too untrustworthy to do business with. If Trump implements a trade ban for Brazil, will these hyperscalers continue providing the service at their own risk, or are they going to prioritize their state over their customers? I would assume the answer will be the latter. Given that, I believe it is in Brazil's (and most other states) best interest to divest and reduce partnerships with companies operating in the US
Just to clarify, for anyone who’s been paying attention to the matter, it’s clear that the true reason for that Section 301 investigation is not due to Pix stealing market share of MC/Visa. In fact, if you check Brazil’s central bank own data, Credit Card usage has not gone down since Pix came in. What Pix really replaced was physical cash.
The fact is that Brazil’s (current) government has been publicly on the other side of Americans interests for a long time, even before Trump’s term. e.g. blatantly ignoring Iran sanctions https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz...
Pix is clearly mentioned as one of the topics for that investigation due to 'unfairness' and 'harming the competition'.
One really wonders how the internet could even have happened before the hyperscalers appeared.
I am not joking.
Well, I was...
> and taking 6 months to set up a VM for you.
Your sysadmins were extraordinarily grumpy. Were you working with the ur-bofh?