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#protectionism

3 posts3 participants0 posts today
Miguel Afonso Caetano

"[I]ronically, Trump’s attacks on BRICS countries have only strengthened BRICS, and encouraged more and more countries to join the Global South-led organization.

Trump has blatantly meddled in the internal affairs of Brazil, the “B” in BRICS. Trump is a close ally of Brazil’s far-right former leader, Jair Bolsonaro. To hurt its current left-wing president, Lula da Silva, Trump imposed 50% tariffs on the South American nation.

This has resulted in Brazil deepening its already close ties with China. And President Lula is publicly calling for BRICS countries to create alternatives to the US dollar.

Trump’s aggression is clearly backfiring.

Another example of this is how the US president has treated India, which is the “I” in BRICS.

For years, the US government has pursued a strategy of trying to ally with India against China, as part of an attempt to divide BRICS and isolate Beijing.

In recent years, especially under right-wing Prime Minister Narendra Modi, India had gradually moved closer to the United States.

But in his second term as president, Trump has attacked India, threatening it with 50% tariffs, one of the highest rates in the world.

Trump apparently thinks that India has no choice but to go along with whatever the US wants. But the world is increasingly multipolar, and New Delhi does have other options.

In response to Trump’s very aggressive tariffs, what did India do? It reached out to China with an olive branch. Now New Delhi and Beijing are improving their relations.

So Trump is actually pushing India and China closer together. This is exactly what Washington has been trying to prevent for well over a decade."

geopoliticaleconomy.com/2025/0

#Geopolitics#USA#Trump
Sreedev Krishnakumar

Rising trade tensions and growing protectionism in advanced economies have cast doubt on exports as a growth driver for India. In a 2-part series, HT explores the role of trade, exports, and imports in shaping India’s growth story. Here's the first part by Roshan Kishore and me.

Read on HT app: hindustantimes.com/editors-pic

#MastIndia #Trade #Economy #India #Protectionism @mastodonindians

*
Kim Perales

"Maybe the craziest part of Trump's "reciprocal" #tariffs is they tend to get HIGHER as countries' tariffs on US exports get LOWER. (Eg, CH got 39% even though its tariffs aver 0.2%).🚨So, we're punishing countries for being open to US goods.

Make it make sense.

The data further demonstrate that US tariffs today are about #protectionism."

It makes sense bc Trump is destroying the USG for #privatization.
#Autocracy #Kleptocracy #Plutocracy #Kakistocracy #Protest #USPol
cato.org/blog/please-stop-call

Miguel Afonso Caetano

"The exemptions soften an already light blow. Nearly half of Brazil’s exports to the United States will be spared, estimates TS Lombard, an investment-research firm. As a result, Itaú Unibanco, a Brazilian bank, expects the effective tariff rate to be around 30%. Goldman Sachs has kept its GDP growth forecast for this year unchanged at 2.3%, citing the “notable” exemptions.
Some sectors will feel the pinch. Coffee is among the worst affected. Brazil ships almost half a million tonnes of beans to the United States each year, accounting for 16% of its coffee exports. The effect is already visible: shipments in July were down by a third from a year earlier, as importers delayed orders amid uncertainty. Cecafé, a coffee-producers’ trade body, warned of a “significant” impact on Brazilian roasters and traders. The beef industry will also suffer. Nearly 17% of Brazil’s beef exports went to the United States last year, and shipments have already slumped over the past few months. Fruit exporters—particularly of mangoes, açaí berries and other tropical fruits—face similar disruption.

Yet even these sectors may prove resilient. Brazil has steadily diversified its markets in recent years, and the most affected exports are commodities that can be redirected quite easily. The European Union remains the biggest buyer of Brazilian coffee. Sales to East Asia and the Middle East and North Africa rose by 25% and 61% respectively last year. Trade with China continues to grow. It already buys most of Brazil’s beef and, on August 2nd, approved imports from 183 new Brazilian coffee firms.

Some losses may also be absorbed through state support. Lula’s government has pledged targeted relief, including purchases of surplus stock from affected producers. Finally, there is hope that the tariffs could be eased. Rising prices in the United States could put pressure on the White House to change course."

economist.com/the-americas/202

A demonstrator holds an image of U.S. President Donald Trump with red horns during a protest against the tariffs on Brazilian products imposed by Trump.
The Economist · Donald Trump’s tariffs on Brazil are more bark than bite By The Economist
#USA#Trump#Tariffs
prau

"But there can be no doubt that protectionism aims at damaging the interests of foreign peoples and really does damage them. It is an illusion to assume that those injured will tolerate other nations’ protectionism if they believe that they are strong enough to brush it away by the use of arms. The philosophy of protectionism is a philosophy of war."
mises.org/online-book/human-ac
#protectionism #tariffs #economics #politics #mises #humanaction #misesquotes

Mises Institute5. The Conflicts of Our Age | Mises InstitutePopular opinion sees the source of the conflicts which bring about the civil wars and international wars of our age in the collision of “economic” interests
Miguel Afonso Caetano

How can a Nation-state follow a deliberate non-capitalist economic strategy if it's constantly under the threat of being subjected to harsh economic sanctions by the largest world economies? Can the fact that no solid alternatives to capitalism have emerged since the Russian Revolution be a surprise to anyone by now? Or the trick here is just to play stupid and dumb and act like every society is free to follow its own priorities with no kind of external interference?

"[E]conomic sanctions imposed by the USA or the EU were associated with 564 258 deaths (95% CI 367 838–760 677) annually from 1971 to 2021, higher than the annual number of battle-related casualties (106 000 deaths). This finding aligns with a previous Article in The Lancet Global Health showing the lethal effects of aid sanctions—economic sanctions specifically targeting development assistance in low-income or middle-income countries (LMICs)—which resulted in a 3·1% increase in infant mortality and a 6·4% increase in maternal mortality annually between 1990 and 2019.

Sanctions are restrictive foreign policy tools that are commonly applied to broad economic transactions, with the punitive aim of coercing behaviour change, such as stopping human rights violations or promoting democracy. According to the Global Sanctions Database, the frequency and duration of sanctions have consistently grown since 1950, while their success rate of achieving the stated aim remains at about 30%."

thelancet.com/journals/langlo/

#Imperialism#Neocolonialism#Capitalism
Miguel Afonso Caetano

"China has performed this miracle many times over. The world’s largest and most innovative producers of EVs (BYD), EV batteries (CATL), drones (DJI) and solar wafers (LONGi) are all Chinese start-ups, none more than 30 years old. They attained commanding technological and price leadership not because President Xi Jinping decreed it, but because they emerged triumphant from the economic Darwinism that is Chinese industrial policy. The rest of the world is ill prepared to compete with these apex predators. When U.S. policymakers deride China’s industrial policy, they are imagining something akin to the lumbering takeoff of Airbus or the lights going out on Solyndra. They should instead be gazing up at the nimble swarms of DJI drones buzzing over Ukraine.

China Shock 1.0 was bound to ebb when China ran out of low-cost labor, as it now has. Its growth is already falling behind Vietnam’s in industries such as clothing and commodity furniture. But unlike the United States, China is not looking back and mourning its lost manufacturing prowess. It is focusing instead on the key technologies of the 21st century. Contrary to a strategy built on cheap labor, China Shock 2.0 will last for as long as China has the resources, patience and discipline to compete fiercely.

And if you doubt China’s capability or determination, the evidence is not on your side. According to the Australian Strategic Policy Institute, an independent think tank funded by the Australian Department of Defense, the United States led China in 60 of 64 frontier technologies, such as A.I. and cryptography, between 2003 and 2007, while China led the United States in just three. In the most recent report, covering 2019 through 2023, the rankings were flipped on their head. China led in 57 of 64 key technologies, and the United States held the lead in only seven."

nytimes.com/2025/07/14/opinion

The New York Times · Opinion | We Warned About the First China Shock. The Next One Will Be Worse.By David Autor
#USA#Trump#TradeWar
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