Efforts to circumvent the tariff increase are now between companies, not governments, and that’s bad, says former BRICS member

Journalist Carolina Pastl collaborated with columnist Gisele Loeblein, who manages this column. Amidst the growing trade tensions between Brazil and the United States, economist and former President of the New Development Bank, the so-called BRICS Bank, Marcos Troyjo expressed concerns about the current situation. According to Troyjo, ‘Efforts to circumvent the tariff increase are now between companies, not governments, and that’s bad.’ During an exclusive interview, he highlighted the negative economic and diplomatic implications of this shift. The event took place in Porto Alegre, where Troyjo shared his insights with the audience.