"On the right, meanwhile, President Trump's brand of protectionism mirrors Latin American trade policies When the White House imposes tariffs and vows to shield American industry from foreign competition, Brazilians must feel a sense of deja vu. This is the same "import substitution" strategy that Brazilian governments have embraced for the past 60 years in an attempt to build self-sufficiency. The result wasn't industrial strength but a flood of overpriced subpar goods, chronic inefficiency, and economic stagnation.
Even worse, protectionism fuels the rise of rent-seeking lobbies pushing for tariffs, subsidies and other favors. The more a sector struggles to compete, the louder it shouts for help. Instead of encouraging productivity and efficiency, [Moi ici: Muito bem, a apelar ao numerador e ao denominador. E mais, usam a palavra produtividade e não aquela palavra escorregadia e enganadora - competitividade] the system rewards political connections and lobbying prowess. The same pattern is emerging in the U.S., where entire industries lobby to be protected from tariffs, regulations and foreign rivals.
In this way, protectionism opens the door to another feature of Latin American politics, clientism. Politics revolves around powerful individuals, not parties or ideas. It's the land of peronismo, fujimorismo and varguismo-all movements defined solely by charismatic leaders."
Trecho retirado de "Trump and Mamdani Look Like Caudillos" no WSJ de 23.10 último.
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