Trump Pulls “Developing Country” Trade Privileges from Brazil, 20 Other Countries

Bolsonaro would have agreed to lose the "developing country" status, but did not know that this would introduce new trade barriers.

RIO DE JANEIRO, BRAZIL - Aiming principally to affect China economically, US President Donald Trump announced on Monday, February 10th, a measure that could adversely affect Brazil's economic interests.

According to UOL columnist Jamil Chade, Brazil and some 20 other countries have now been removed from the list of "developing countries" as defined by the Organisation for Economic Co-operation and Development (OECD). This removal will now allow Trump to apply trade sanctions against products from countries, such as China, India and Brazil, in the same way as products from OECD members.

Bolsonaro is said to have agreed to Trump . . .

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