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7 November, 02:28

What downsides might Brazil experience by implementing quotas, tariffs and measures to devalue its currency?

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  1. 7 November, 06:07
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    Two big issues that could arise are inflation and trading wars. Inflation could arise when the currency is devalued, if not done properly, which would lower the buying power of the nation's residents. Second, if quotas and tariffs are implemented incorrectly, trading partners could implement their own increases on prices to products, leading to a trade war that could damage the overall economic output.
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