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Brazilian experts believe that the US imposing new tariffs will change the international trade competition landscape
Several Brazilian economists believe that U.S. President Trump recently announced a 15% tariff on goods from all countries and regions, which will have different impacts on various trading partners. In the long run, this move will change the international trade competition landscape and lead to a slowdown in global economic growth. An assessment report published by Brazilian economic media indicates that although the 15% tariff rate is lower than the previous tariffs imposed by the U.S. on certain Brazilian goods, this move increases overall U.S. trade protectionism, which will ultimately affect major commodity-exporting countries like Brazil. (CCTV News)