Iran announced today that it had reached an agreement with Turkey and Brazil to exchange some of its stockpile of low enriched uranium for more highly enriched uranium that can be used to fuel its research reactor in Tehran. Iranian President Mahmoud Ahmadinejad announced the controversial deal in a three …
Brazil’s President Ignacio Lula da Silva will visit Tehran on May 15. International attention will focus on the visit because Iran has said it agrees “in principle” with working through Brazil and Turkey to broker a nuclear fuels exchange deal with the International Atomic Energy Agency (IAEA). Despite this diplomatic …
On April 6, last minute action by the Obama administration averted a near trade conflict with Brazil concerning the trade-distorting U.S. cotton subsidy programs. With the provisional deal, the U.S. avoided about $830 million in trade sanctions on over 100 American exports targeted by Brazil. Those retaliatory tariffs would have …
The latest outbreak of creeping global protectionism is in Brazil, which announced March 8 that it intends to levy nearly USD$600 million in increased import duties on more than 100 products made in the U.S. in retaliation for the United States’ failure to comply with a World Trade Organization (WTO) …
In a retaliatory response to the U.S. government’s unwillingness to eliminate domestic cotton subsidies, Brazil has announced higher tariffs on over 100 American goods ranging from cars to ketchup. Trade issues are central to the bilateral relationship between Brazil and the United States. Brazil is an attractive export destination for U.S. …
Even as the Detroit automakers are asking Congress for a taxpayer bailout, the Detroit News reports that Ford Motor Co. is operating highly automated, highly integrated, and highly profitable auto plants — in Brazil. They employ state of the art technology and techniques to produce high-quality vehicles: This state-of-the-art manufacturing …
