3. China to impose $34bn tariffs before the US as trade dispute escalates

China to impose $34bn tariffs before the US as trade dispute escalates

That's not the whole picture.

When someone sells into Brazil, they are either accepting Brazilian reals or (more likely) the buyer is exchanging reals for dollars in the forex market. The impact is the same generally speaking, someone who is not Brazilian comes into possession of a currency (Brazilian Reals) that they cannot easily spend leading to one over several outcomes:

1) They spend the Brazilian reals purchasing goods in Brazil and then import them.

2) They invest the reals in government/corporate bonds of Brazilian companies

3) They invest the reals in the Brazilian stock market.

All of which are beneficial to Brazil. So not only does a citizen of Brazil get a good (the marshmellows) that benefits them, but their ripple effect of their exchange will promote investment in their country.

/r/worldnews Thread Parent Link - theguardian.com
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