Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (2906)	7/30/2019 1:26:12 PM
From: Elroy Jetson	Respond to of 13801

Bolsonaro and Trump both face very strong local business opposition to removing import tariffs. These businesses will greet "business friendly" tariff reductions with a punch in the nose to both leaders. Both Trump and Bolsonaro claim to oppose neo-liberal international trade, but all both of these fake-populists can think to do is try to implement even more of it. Almost all US tariffs on Brazilian goods are on specific agricultural products. The highest is a 174% import tax on Brazilian peanuts with a sugar tariff equal to more than 100%, the result of the wealthy and politically powerful Franjul sugar-growing family in Florida. Outside of specific agricultural products, the US has few import tariffs on Brazilian products other than a 2.5% tariff on Brazilian ethanol. Brazil imposes a 55% import tariff on US agricultural products and a 35% tariff on US manufactured products. Jair Bolsonaro already removed the tariff on imported milk products and quickly reimposed the tariff after taking a beating from Brazilian dairy businesses. Any new trade agreement between the US and Brazil will almost certainly be more fiddling with minor unimportant details, as Trump did with NAFTA, rather than a sweeping reduction in import tariffs because politically powerful local business groups in each nation will strongly oppose anything else.

To: elmatador who wrote (2906)	8/1/2019 6:15:40 PM
From: Elroy Jetson	Respond to of 13801

"Fuck business," was PM Boris Johnson's reply several months ago when asked about the concerns businesses have with a hard-Brexit Harald Krüger, the boss of BMW, has urged Boris Johnson to respond to calls from business to find a compromise on Brexit – and offered to travel to the UK to deliver the message to the prime minister in person. Krüger said it would be a “lose-lose” scenario if the UK leaves the EU without a deal. BMW has previously warned that a no-deal scenario might force it to stop making the Mini at its Cowley plant near Oxford, putting more than 4,500 jobs and more than 100 years of carmaking at the site at risk. In a July 2016 Facebook post backing comments made by billionaire Brexit-backer James Dyson, who recently moved his company to Singapore, Johnson wrote: “As Dyson points out, tariffs would mean the Germans would be cutting their own throats. It won’t happen.” Johnson has also suggested he knows more about car manufacturing than Dr Ralf Speth, the chief executive of Jaguar Land Rover, after the 30-year veteran of the automotive industry warned the company could not stockpile enough parts to cope with a no-deal scenario. BMW’s intervention in the Brexit debate makes the German powerhouse the latest in a long line of carmakers to issue warnings about the impact of Brexit on the UK automotive industry, which employs around 850,000 people. Krüger was speaking as the carmaker reported a 1.5% rise in sales to 647,500 vehicles during the second quarter of the year, although net profit fell 29% to €1.48bn (£1.35bn) as the company invested heavily in electric cars. Figures released earlier this week showed that investment in Britain’s car industry has ground to a halt amid fears over Brexit, with a “pitiful” £90m pledged for new developments in the first six months of this year. Before Brexit clouded the horizon, the automotive industry was investing between £2.5bn and £2.7bn a year in R&D. The Society of Motor Manufacturers & Traders said a Brexit deal was imperative to help the embattled industry to bounce back, otherwise the government will face demands for the same type of tax breaks farmers need to stay afloat. Boris Johnson ally’s Lynton Crosby secretly ran Facebook propaganda network promoting the Saudi government and major UK polluters - theguardian.com