São Paulo faces major job and economic losses if the U.S. goes ahead with a 50% tariff on Brazilian goods

Faced with the looming prospect of a 50% U.S. tariff set for Aug. 1, officials in Brazil’s richest state are rushing to soften the blow on local companies and jobs. Governor Tarcísio de Freitas said on Saturday that as many as 120,000 positions could disappear and gross state product might fall 2.7 % if the U.S. goes ahead […]

Source: cryptopolitan.com (Read Full Article)