Halister News

(Bloomberg) -- An increase of protectionism in the U.S. under Trump will find Brazil at a moment when access to global trade would be crucial for the economy to escape recession, Nathan Blanche, partner-director at Tendencias Consultoria, says in a phone interview.

• Protectionist policies may harm global growth and set a hurdle for Brazil recovery, pressuring BRL down
• First post-election Trump speech sounding more moderate does not assure that he won’t accomplish, at least partially, campaign commitments
  • While it’s unlikely to see massive deportation of migrants, new president can’t simply forget pledges he made for segments of U.S., from workers to companies, which have been left behind on external competition, Blanche says
• “This is an anti-revolution of the globalized economy. The Brexit was a first step”