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Brazil: A global trade war is coming
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Monday, January 10, 2011
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From Mish's Global Economic Trend Analysis:

... The Financial Times reports "Brazil Warns Trade War Looming."

Brazil has warned that the world is on course for a full-blown "trade war" as it stepped up its rhetoric against exchange rate manipulation.

Guido Mantega, finance minister, told the Financial Times that Brazil was preparing new measures to prevent further appreciation of its currency, the real, and would raise the issue of exchange-rate manipulation at the World Trade Organization and other global bodies. He said the U.S. and China were...

Read full article...

More on the coming trade wars:

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Topics: Currencies | Brazil | Cruxallaneous
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