Hello! You are reading The Brazilian Report‘s Weekly Report. In this issue: The Brazilian 2020 federal budget—and its possible impacts on the economy. The million-dollar deforestation industry. Why has the Brazilian economy been so slow to recover. (This newsletter is for platinum and gold subscribers only. Become one now!)
The week in review
U.S. v. China. If Brazil allows Chinese companies to operate 5G frequencies, the U.S. could re-evaluate its data-sharing agreements with Brazil. The warning was given by Robert Strayer, a deputy assistant secretary for Cyber and Information Policy at the U.S. State Department. The Donald Trump administration has raised concerns that Chinese hardware could have backdoors which would allow Beijing to monitor and control networks across the globe.
Amazon. After snubbing EUR 20m offered by G7 countries to help finance efforts against fires in the Amazon rainforest, President Jair Bolsonaro said he could accept the money—as long as the management of these funds was handled exclusively by Brazil. The Foreign Affairs Ministry then released a statement accusing global powers of “not even remotely” meeting a commitment made with the Paris Accords on Climate Change to raise USD 100bn for environmental compensation to emerging nations by 2020. So far,...