Your currency being valuable increase imports!
1,308 karma · joined January 18, 2018
Another thing is when you basically have 10 Japan or 20 South Korea, which is what China is with the 1bi population.
Which means not that they will have a lot of consumers, but way more competitive companies in general (if they continue growing as is).
Brazil Journal too, but it usually focus more on market as a whole. https://braziljournal.com/
But most of the news are usually covered on Infomoney, Valor Economico, with the together with daily market coverage.
NeoFeed and Brazil Journal focus more on "high-quality", less content.
Pix is still doing record of transactions, every month.
https://g1.globo.com/economia/noticia/2024/12/23/pix-bate-re...
It's also used to give alerts to electricity companies, etc...
Their weather prediction, it's just way better than any other service.
There's also national service, run by CPTEC/INMET, but they are lacking funding IMO...
I find very likely Netflix or Amazon will be one of the first companies to support this in June now.
This was made initially to replace old school automatic debit for phone/electricity/etc bills, but it will support all services.
In Brazil, installments with credit cards are also super common... Basically when you put a credit card on any website or buy on a store, you can just choose to pay in 12x.
Well, they will add in September Pix Installments as well.
Before Vargas rule (around the 30-40's), Brazil was an agrarian state, basically commanded by coffee barons and so on.
Brazil got the independence in 1822, and abolished the slavery in 1888. During this time, it was reigned by Dom Pedro I and Dom Pedro II. When the empire ended the slavery (one of the latest countries to end), the military and the agrarian folks, did a republic coup. In Brazil we call this republic "Coffee with Milk republic", because it was not a democracy yet (only 4% could vote), and the power was divided by São Paulo (Coffee state) and Minas Gerais (Milk state).
It's a long and complex story, but in short, in 1930, Vargas did what we call "1930 Revolution". It was a dictatorship, he persecuted the Brazilian integralists (fascists) and communists (and banned foreign languages aimed at banning italian/german/japanese speakers etc). The dictatorship ended, he got removed, and later he comes by election, in the first Brazilian proper democracy, with huge people support.
Anyway, besides all that, he basically industrialized the country. Moved the country from an agrarian state to modern industrialized state. But not only because of import substitution, he created like Ministry of Health, Education, all the modern BR state that we know. Penal code, and everything is still from 1940.The industrialization was mainly led by state-owned companies. He created a state owned oil company (Petrobras), created a state owned car company (FNM), steel company (CSN), mining company (Vale), etc.
The development during this time, was basically making the state to be the one that would industrialize the country.
The military dictatorship goal was different, after all, it was a coup against "the communists", with the U.S support at the time. So the industrialization was also led by the private sector, protected by the state with the huge tariffs, and some areas they just banned imports.
Instead of the FNM car company for example, we had then Gurgel, a private company making cars.
Of course, a lot of these companies died when Brazil opened the economy in the 1990s, exactly bcause they were not competitive and wasn't exporting anything anyway.
But one thing that people need to keep in mind always, it's how all of that makes the product expensive. A car in Brazil it's way more expensive than in the U.S and so on.
If a country is doing price dumping, there's even legal ways of protecting these sectors, by applying to WTO (but the U.S basically killed the WTO). But even if the U.S don't trust the WTO, they could apply antidumping tariffs to these specific sectors (like the 100% tariffs Biden administration did to EVs).
U.S is not doing this right now, it's protecting "all sectors" of the economy. There's no other reasonable developed country with a 29% tariff.
You can check here: https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS
You'll also notice that most developed or growing economics have low tariffs...
Like, imagine now that all your computers will be more expensive/worse. This will affect services from like, a law firm - to a tech company. Will make harder for young buy good computers and start to code, etc.
I say this as a Brazilian, to us Brazilians watching, this is like: Why are the U.S repeating the same mistake?
I don't think Americans know this, but here in Brazil, we also have phone, tablet and PC national brands (Positivo¹, Multi², Philco³). National TV brands like Semp, AOC, Mondial. A ton of home appliances brands like Mondial, Philco, Britânia.
But why Americans don't know them? Because they only exists because of the tariffs. So they only exists in Brazil internal market. They are worse than foreign brands, but they exists because it's cheaper to buy a Mondial Kitchen Stand mixer than a Kitchen Aid!
And worse that most of these products are only white-label Chinese products, sold way more expensive than the real chinese ones.
This also create a whole gray market. A lot of people start smuggling products without import tax.
And this only with a 7% average tariff. Not the U.S 29% lol. Brazil with 31%~ prior to the 90's was WAY worse than this. A lot of brands just died when we opened a little the market (Consul, Brastemp, were Brazilian big fridge, Washing machine etc makers, they got bought by Whirlpool in the 90's)
American Brands then will now look for the U.S gov to ask for exceptions too, and this create a lot of corruption. And after you put these tariffs and there's a whole new companies made to internal market, it's almost impossible to remove because of the lobby from these companies (and corruption).
[1] https://loja.meupositivo.com.br/ [2] https://www.multilaser.com.br/ [3] https://www.philco.com.br/
LaTam is perfect example on how bad this "wide" protectionism is. There's a ton of economic papers about it.
If you really want protectionism, you could do something more similar to how South Korea did, by choosing specific sectors of economy you want to "protect", to create a "national industry".
Most protectionist industrial policies also exempt imports of machines and other supplies used in factories.
e.g. It makes no sense to put tariffs on machines used in a factory in the USA. AS that would make it more expensive for a factory to operate if they have to import a more expensive machine from Germany. "Buy a machine from the U.S", that would mean a more expensive machine likely, as it only exists because of tariffs.
That basically means you'll have factories on best case scenario, but your cars, your computers, phones, won't be exported.
Maybe they know the consequences, but to give you a idea... it was 1.5% before. The new ones will be equivalent to Brazilian tariffs in 1989 before opening the economy (31%, data from World Bank).
Now, Brazilian tariffs, which have one if the most closed economies, by weighted average, is 7%.
China, have 2.2%.
The United States will be an autarchy, similar to how LaTam was in the 70's, when tried this exact idea. The tariffs being as high instantly, will impact the economy, later, the country will probably grow, which is what they expect, but this is not a productive grow. Because your new factories now are not competing with external products, so your productivity go down, this means real income will also go down.
So yeah, some people at best (if is not a robot doing the job) will have a job in a factory, but on what he will be able to spend with his wage won't make it worth even for this person.
You have all type of versions. Some are better to be eaten as guacamole... others are not. Here we do sweet avocados (just eat with sugar, or just put on a blender with milk).
Some of them have more fat, others have less...
Search for "Abacate pescoço". This is probably the most interesting and different one.
:)
I believe Hass is just better to export, because it doesn't spoil so easily.
Another fun fact: I think majority of people don't really buy avocados in supermarket. They are grown all over the place. Streets, backyard, parks... In my street there's like, 5 avocados trees (with each being different type). Hass is the most rare here, you'll usually find it on supermarket only...
U.S is an economic powerhouse, Russia isn't. So yes, U.S attracts worldwide immigration. And of course, who goes to the U.S, already go there because... like it. If they didn't liked it, they wouldn't go.
But Latin America population is almost 700 million. Those who go to the U.S are a small minority, and specially from countries that are very much, to be kind, not going well, so they see the U.S as an example to be followed, like the Cubans and Venezuelans in the U.S.
But Latin America isn't only them.
I suggest checking some polls on the subject on China/US, and you'll see majority of latin americans have positive opinion about China¹, with numbers actually similar in some countries to the U.S. While 16% have positive opinions about China in the U.S, it's 61% in Chile.
And of course, I'm not even considering the governments here, which I think should be the main point, as they are the one who will drive the countries relations.Most Latin America governments, see the U.S as a country that would never let another economic world power rise in the Americas continent. Majority of Brazilians believe that Brazil should reduce use of Dollar², and Trump made specific threats to countries that try to avoid dollar.
This view is actually very widespread, but is worse between leftists, the leftists in most part of Latin America are more what we call "Anti-american", because of U.S Operation Condor that imposed right-wing dictatorships in the region. And it goes even newer, as Brazilian former President's Dilma Rousseff was spied back during Obama terms. That was discovered in 2013 or so.
The whole Trump U.S thing in Panama it's because of the growing influence China was getting there, too.
[1] https://x.com/maps_black/status/1884036385272983709 [2] https://atlasintel.org/polls/latam-pulse
This might sound weird, but in Latin America a lot of people see the U.S in a similar way that Europeans see Russia.
I first tried RCS in early 2019.
They knew they should have announced a recall, but they didn't. What they did was... They simply replace the TV panel, even outside the warranty, just to avoid lawsuits (After the person first try to contact them).
Yes, outside the warranty.
But one with one detail: They replace it with the same defective panel.
Unfortunately, I was the lucky one who ended up buying this TV, and I've already replaced the panel about three times in less than five years.
Even the Samsung repair technicians that came to my house to fix the TV already told "The model just have this issue, nothing we can do about it. If it happens again, report it again to fix"