Forbes.com has just released an article entitled: ‘Phase One Deal Looks Mighty Dead’
China has not met its obligation with the U.S. and the key benefactor has been Brazil. China has apparently bought 35 percent more from Brazil in May 2020, than May 2019. These shipments are primarily ag and fuel. And these shipments obviously come directly out of the hide of the U.S.
China now accounts for 40 percent of Brazilian exports in May. And according to Forbes, the Phase One is now as strong as a wet noodle. And as for a Phase two Deal . . . according to Forbes ‘dead on arrival’. Couldn’t agree more of this assessment. The repercussions of tariffs have come-to-life . . . .
China has not met its obligation with the U.S. and the key benefactor has been Brazil. China has apparently bought 35 percent more from Brazil in May 2020, than May 2019. These shipments are primarily ag and fuel. And these shipments obviously come directly out of the hide of the U.S.
China now accounts for 40 percent of Brazilian exports in May. And according to Forbes, the Phase One is now as strong as a wet noodle. And as for a Phase two Deal . . . according to Forbes ‘dead on arrival’. Couldn’t agree more of this assessment. The repercussions of tariffs have come-to-life . . . .
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