Brazil Warns of Trade War

January 10th, 2011
in News, Background, Banking

Financial TimesBrazil has warned that the world is on course for a full-blown “trade war” as it stepped up its rhetoric against exchange rate manipulation as a form of veiled export subsidy.

Follow up:

Guido Mantega, finance minister, said Brazil was preparing measures to prevent further appreciation of its currency, the real, and would raise the issue of exchange rate manipulation at the World Trade Organisation and other global bodies.

The US and China were among the worst offenders, he said. “This is a currency war that’s turning into a trade war.”  Read more at the Financial Times..... 









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