High technology has helped increase global economic growth, development,
and social interaction. This article
talks about the future of the U.S. and Brazils economic integration going forward.
Brazil is committed to reducing communication technology tariffs,
which would help the U.S. increase business access to the Brazilian market. This sequence would help digital technologies
more open to Brazilians in all their industries, overall improving their
Welfare. By the U.S. having increased
business access in the Brazilian market would help economic growth in America. This article also talks of the increase of
cybersecurity with digital technologies in Brazil, with the U.S. offering the
best practices to help Brazil. With this
trade agreement it will help enable economic growth, innovation, and
competitiveness all to due high technological industries.
https://www.itic.org/news-events/techwonk-blog/the-importance-of-tech-in-the-usbrazil-relationship
Tim,
ReplyDeleteAfter reading your analysis as well as the article, I have a few questions. My understanding is that Brazil only has high tariffs on communication technology. So, with tariffs dropping on that, I can see how it would benefit both countries. However, I question by how much. I wish the article went into more detail about the amount traded and the benefits dropping tariffs could have. With the economic instability in Brazil, how many people in Brazil could really afford this type of technology? I personally believe that this number would be small. So im not real certain on how big of a deal this tariff dropping would be to the US. What was the original reason behind these tariffs? This would be an interesting topic to dig into however.
The tariffs that are going to be implemented on Brazil by Trump in mid December for steel and aluminium, this is also going to cause quite the stir, especially for local company John Deere who have 75% of their revenue coming from Brazil. Tariffs are hurting more and more countries and Brazil is next on that list
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