No imo... Brazil is a very large and important country in the scheme of things, just like India. China and Russia are lost causes but that doesn;t mean just because Brazil and India are self-serving developing countries playing the field the US should snub them and cut them out of global supply chain. On the contrary the more B&I trade with the west the more incentivised they will be to remain with a self-serving foot in both camps. India is no friend of China for example, they would rather develop deep trading ties with the US than China with whom they are ultimately competing agoinst.
"MP Materials (NYSE:MP) +7.9% in Tuesday's trading to its highest since January after the Biden administration announced new 25% Section 301 tariffs on imports of permanent magnets and certain critical minerals."... that's because MP are already running a mine and will benefit with higher prices for RE products, that's a free kick on the goal lien, mark down a goal Eddie...
ARR may or may not benefit...
ARR Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
(20min delay)