There are many good reasons why Latin America has historically failed to achieve its development potential. This is one such reason.
BRICS & New World Order Thread
- Thread starter Strangelove
- Start date
BRICS countries adjust tariff rate on EV imports
India ： whole car EV 60% adjust to 70%，components and SKD 30% adjust to 35%
Brazil： EV 10% adjust to 18%，Hybrid 10% adjust to 25%. EV and Hybrid adjust to 35% from 2026
South africa： EV 15% adjust to 25%
Egypt： EV adjust to 0%
Ethiopia：whole car EV 30% adjust to 15%，components and SKD 30% adjust to 5%
Saudi Arabia：EV 0-5% adjust to 5%
UAE：EV 5% no change
Iran：EV 10-20% adjust to 20-25%
Russia：EV 0% adjust to 15%
India ： whole car EV 60% adjust to 70%，components and SKD 30% adjust to 35%
Brazil： EV 10% adjust to 18%，Hybrid 10% adjust to 25%. EV and Hybrid adjust to 35% from 2026
South africa： EV 15% adjust to 25%
Egypt： EV adjust to 0%
Ethiopia：whole car EV 30% adjust to 15%，components and SKD 30% adjust to 5%
Saudi Arabia：EV 0-5% adjust to 5%
UAE：EV 5% no change
Iran：EV 10-20% adjust to 20-25%
Russia：EV 0% adjust to 15%
China isn't an imperialist country. China doesn't force their interests over the interests of others.
Just for perspective, it would seem that the above is simply aligning EV tariffs with the general ICE tariffs (or In other words, removal of subsidy for EV)
eg; ICE Tariff
India: Large Cars - 100%, Medium Cars - 70%
Brazil: 35%
South Africa: 25%
These are all countries that already have heavy tariffs on their auto industry.
The goal of these countries are to attract FDI from automakers to setting up locally.
People that post these videos are simply clueless. They are not the same as US tariffs which are targeted just at Chinese automakers.
FriedRiceNSpice
Captain
People should remember once upon a time China did the same thing. That's how Chinese companies in auto and many other industries grew to become the behemoths they are today.
I had a friend who participated in the BRICS Forum ( 10th Parliamentary Forum of BRICS Member Countriesh) this month, he presented me with two important pieces of information.
The first concern is that the Chinese see BRICS+ as a basis for creating a new concept, the B20 (BRICS20+), a bloc to take the place of the G20, forming a direct competitor. The Chinese presented the talk showing the creation of this B20, creating a platform of countries that have common geoeconomic interests and that serve China's interests to the benefit of the BRI.
The second concern is precisely in the interbank payments settlement system, the Russians are particularly making enormous efforts in this regard, because it is the Russians who are currently being most affected by the current global settlement system, where sanctions affect Russians' commercial exchanges with the world and, especially, in relation to the BRICS+ countries.
There is a certain overarching anguish about this restriction and lack of alternatives among BRICS+ members around a new international settlement system, saying that it is this concern that is creating more difficulty in creating solutions. He states that even though Russia is at the forefront of this effort, it is Saudi Arabia and China that will effectively provide the basis for the progression of the creation of an alternative to SWIFT, if it becomes effective, it will create an economic bloc with many synergies. The members of BRICS+ also being the countries with the largest reserves and producers in the world cannot be a mere coincidence, there is a factual plan to leverage the energy resources of member countries to solve this distress of this system and oil can be essential in this solution .
A third piece of information that was presented that appears to be supported by countries is the creation of a Interpol/Ameripol/Europol of the BRICS+, to generate national security cooperation among member countries. He said that it is already something well thought out that they will try to work on to make this creation effective.
A fourth piece of information is the creation of the BRICS+ space cooperation council, deepening the close collaboration of member countries' space agencies.
A fifth piece of information is related to university exchange, it shows that this already occurs, such as Iranian, Belarusian and Indian students at universities in Russia, but we would see an expansion in this scientific-technological cooperation between member countries.
This is probably talk about mBridge. But to be honest I think all these blockchain transaction platforms will only reduce the overhead of regular payments but won't solve the sanctions issue. I think that what these BRICS countries need to do is to introduce banking secrecy laws and anonymous numbered accounts. Plus as many movements as possible should be moved out of SWIFT. So that it will be harder to trace movements.