What is Trump’s tariff? GIL DO VE vigor explains in detail

President of the United States, Donald Trump has caused controversy in Brazil because of the tariff.

This is because Brazil is the country that has imposed the highest rate announced by it this week. On Wednesday (9), the Republican announced that Brazilian products will have an additional 50% charge to enter US territory. The measure comes into force on August 1st.

Noting that many people have not understood the situation, Gil of Vigor, former BBB who is a training economist and did PhD in the same area at the University of California, decided to make an explanatory and very didactic video.

“What happened itself is that the United States has put a 50% rate with the unique idea of ​​pressing Brazil. Brazil is a sovereign country. We have a constitution and within these four lines is that everything is judged and decided,” he began.

According to him, no foreign country has jurisprudence or autonomy about the decisions that are made here. “Imagine trying to use the economy as a currency of exchange, a political bargain, including. So Brazil did it right, positioned itself and said: ‘Look, we have laws, institutions and we will not move to the pressure,'” he amended.

At the time of explaining the business relationship between both countries, Gil used a metaphor to exemplify the situation.

“Imagine that you have ten candies, and I also have ten to sell. I sell to you and you. Brazil bought ten US candies. But the US bought only five candies from Brazil. Who chipped in the end? They are surpluses, sold more than they bought. Brazil is deficit,” he said.

According to Trump, the surcharge will be imposed in part due to the “insidious attacks of Brazil on free elections and the fundamental rights of freedom of expression of Americans.”

Trump states that the way Brazil has treated Bolsonaro is a “shame” and that the trial against the former president is a “witch hunt that needs to be closed.”