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While tariffs have been used as a protectionism measure in Brazil for decades, and before tariffs there was a complete import ban for a lot of manufactured good
by piva00 2y ago
While tariffs have been used as a protectionism measure in Brazil for decades, and before tariffs there was a complete import ban for a lot of manufactured goods during the military dictatorship. It never ever helped local industrialisation, instead the country is stuck paying absurd prices for electronics goods while the local production, research and development, etc. are extremely subpar.
It only helped locally produced shoddy products to win a larger market share, quality is underwhelming since they don't have to compete with more better products at the same price.