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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (147208)3/20/2019 6:10:08 PM
From: TobagoJack  Respond to of 217764
 
Either deep-state / MSM trying to spread alt-news to colour coming trump triumph or the Brazilians are peeved that they can get nothing out of trump or the deep-state around trump

In any case, counting on partnership appears to hiccup for who knows what amalgam of reasons.

reuters.com

Bolsonaro gets Trump's praise but few concessions, riling BraziliansWASHINGTON/BRASILIA (Reuters) - Brazil’s right-wing President Jair Bolsonaro won glowing praise and conditional promises from U.S. President Donald Trump on his visit to the White House this week, yet Brazilian negotiators came away grumbling about their hosts driving a hard bargain.

FILE PHOTO: Brazilian President Jair Bolsonaro listens to U.S. President Donald Trump during a joint news conference in the Rose Garden of the White House in Washington, U.S., March 19, 2019. REUTERS/Carlos Barria/File Photo

Diplomats and other officials said Brazil got few immediate concessions in return for granting a unilateral visa waiver for U.S. visitors, a tariff-free quota for wheat imports and easier access for U.S. space launches from Brazil.

Bolsonaro, an outspoken Trump admirer who seemed eager to please at their first meeting, failed to win more room for Brazil’s sugar exports or overturn a U.S. ban on fresh Brazilian beef - both major objectives of the country’s farm sector.

“If this is the way forward, we might as well stay put,” said a Brazilian official directly involved in the negotiations, who requested anonymity to speak freely. “They asked for everything, but didn’t want to cede on anything.”

Reactions among Brazilians focused largely on the symbolism of the visit, with Bolsonaro supporters calling it a vindication for the iconoclastic leader and critics cringing to see him so cozy with Trump.

Yet the frustration of the Brazilian delegation reflects the deeper difficulty of overcoming trade barriers and agribusiness competition between the two countries, even as their presidents find common ground in their brash style and conservative views.

Bolsonaro celebrated his visit as the start of a new era of U.S.-Brazil friendship, playing up his admiration of Trump and their shared disdain for political correctness and “fake news,” as they often call unfavorable press coverage.

The presidents also found common ground in condemning Venezuelan President Nicolas Maduro and cooperating on public security and military development. Designating Brazil a “major non-NATO ally” will ease U.S. arms sales to the Brazilian armed forces, while a new technology safeguard agreement will help U.S. companies to conduct commercial space launches in Brazil.

However, in more transactional areas such as trade, the Brazilians’ goodwill offerings, such as an annual import quota of 750,000 tonnes of tariff-free wheat, were not met in kind.

“If this reciprocity does not occur, Bolsonaro’s preference for the U.S. will look naive in the future,” said Welber Barral, a former Brazilian foreign trade secretary.

FILE PHOTO: Brazil's President Jair Bolsonaro shakes hands with U.S. President Donald Trump at the conclusion of a joint news conference in the Rose Garden of the White House in Washington, U.S., March 19, 2019. REUTERS/Kevin Lamarque/File Photo

Brazil’s new openness to wheat imports will mainly benefit U.S. exporters and was a slap in the face to neighboring Argentina, another major trade partner, Barral said.

He also warned that Brazil stands to face more setbacks on trade if it gives up the benefits of “developing country” status at the World Trade Organization (WTO) — the U.S. condition for supporting Brazil’s bid to join the Organisation for Economic Cooperation and Development (OECD), a policy forum for wealthier nations.

That conditional endorsement — concrete WTO concessions in return for symbolic OECD membership — left Brazilian Economy Minister Paulo Guedes visibly annoyed after his meeting with U.S. Trade Representative Robert Lighthizer.

“That’s no exchange. He’s making that demand,” he told journalists.

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Addressing an audience at the U.S. Chamber of Commerce on Monday, Guedes also gave a hint of the sticking points that stood in the way of broader trade agreements.

“You want to sell pork? Okay, buy my beef. You want to sell ethanol? Buy my sugar. Beef for pork, ethanol for sugar, wheat for auto parts. They’re little things,” he said.

None of the exchanges he suggested were formalized in talks.

Guedes reminded the audience that China, Brazil’s top trading partner, would be ready to pick up the slack if the United States did not engage.

“They are moving in, trying to invest,” Guedes warned.

Reporting by Lisandra Paraguassu and Anthony Boadle, Editing by Rosalba O'Brien



To: Maurice Winn who wrote (147208)3/20/2019 6:37:39 PM
From: TobagoJack  Respond to of 217764
 
Good news, we get a second dip to buy, for the trade deal is looking dicey, and trade war promising

What a setup, just fantastic

You can choose to ignore the trade flows, that which does not matter as you correctly pointed out, but the markets cannot escape the news flow.

bloomberg.com

Trump Says Tariffs Will Stay Until China Complies With Deal
Andrew Mayeda
President dashes hopes that deal could see rollback of tariffs


President Donald Trump said he’ll keep tariffs on China until he’s sure Beijing is complying with any trade deal, refuting expectations that the two nations will agree to roll back duties as part of a lasting truce to their trade war.

“We’re not talking about removing them, we’re talking about leaving them for a substantial period of time, because we have to make sure that if we do the deal with China that China lives by the deal,” Trump told reporters at the White House Wednesday before leaving for Ohio. “They’ve had a lot of problems living by certain deals.”

The president’s comments dim hopes that round-the-clock trade negotiations between the world’s two biggest economies could lead to them removing the roughly $360 billion in tariffs they’ve imposed on each other’s imports. Beijing has pushed the Trump administration to remove tariffs as part of any deal.

U.S. stocks extended their decline Wednesday after the president’s remarks, with investors already on edge over the looming Federal Reserve policy decision. The U.S. central bank publishes its communique at 2:00 p.m. in Washington.

U.S. officials are concerned that Beijing is pushing back against some American demands in trade talks, people familiar with the matter said. Chinese officials have shifted their stance because after agreeing to changes to their intellectual-property policies, they haven’t received assurances from the Trump administration that tariffs imposed on their exports would be lifted, the people said.

Despite his comments on the tariffs, Trump said “the deal is coming along nicely,” adding that top U.S. negotiators leave for China this weekend for talks on an agreement.

One of the remaining sticking points in talks is whether the tariffs would be lifted immediately or over a period of time to allow the U.S. to monitor whether China is meeting its obligations, Bloomberg News reported earlier this month. The U.S. wants to continue to wield the threat of tariffs as leverage to ensure China won’t renege on the deal, and would only lift the duties fully when Beijing implemented all parts of



To: Maurice Winn who wrote (147208)3/21/2019 11:23:12 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217764
 
Kinda agree.. One with huge trade surplus needs do something with surplus as well.. Something about too many eggs ?