Do we really need Orange Juice when we have California and Florida? Do we need more beef, when the market is at some of it’s lowest prices due to boycotts around the world for our products? Bringing Brazilian cotton to an already slaughtered cotton market? Oh an aircraft, yeah lets import aircraft to a country with the best aeronautical products in the world.
A warning to those who make their living on Agriculture, keep your eyes on the President on this trip, he may be giving away the farm!
From the New York Times:
For all of the mutual praise, Mr. Obama and Ms. Rousseff were direct in their criticisms, particularly Ms. Rousseff.
She said the two countries’ relationship had in the past been marked by “empty rhetoric” from the United States. A “deeper relationship” with Brazil, which now has the world’s seventh-largest economy, “has to be a construct amongst equals,” she said.
She objected to what she called American protectionism in some areas, saying that she understood that the United States had to take “tough measures” to restore growth after the global financial crisis, which Brazil largely escaped. But, she added, stronger ties would require the United States to lower trade barriers for Brazilian products like ethanol, beef, cotton, orange juice and aircraft.
Mr. Obama had a similar complaint against Brazil. “As the World Bank has noted, there are still too many obstacles in the way of doing business in Brazil,” he told a business group. “And I know Brazil has issues with certain policies in the U.S.
“But I also know that there is no country that has more to gain than Brazil from expanded trade and open markets.”
Read the full article at NYTimes.com.