With Trump Consumed by Shutdown, Brazilian President Makes Inroads at Davos
*By Carlo Versano*
He's known as the "Trump of the Tropics." Brazil's new president, Jair Bolsonaro, may grab headlines for his far-right, populist rhetoric and positions ー he's staunchly anti-gay, anti-abortion, anti-affirmative action, and anti-drug decriminalization ーbut he differs from President Trump in one major respect, which is currently on display at the World Economic Forum in Davos, Switzerland.
Bolsonaro wants to form closer economic ties with the developed world, as he made clear in a speech to the global elite gathered in the snowy Swiss enclave.
“We represent a turning point in the eyes of the Brazilian people — a turning point in which ideological bias will no longer take place,” he told attendees on Tuesday.
Vanessa Neumann, the founder of the risk consultancy firm Asymmetrica and author of the book "Blood Profits," told Cheddar that Bolsonaro is at Davos in an attempt to shed his global image as a populist bomb thrower by making clear that the Brazilian economy, the world's ninth largest, is open for business and investment from the outside world.
"He's talking that talk to investors," Neumann said.
Bolsonaro is "the unintended winner" in the ongoing U.S.-China trade war, she noted, as Brazil is a major producer of consumer staples that range from soybeans to beef to oil ー commodities that the Chinese are now importing from Latin America rather than the U.S.
But Bolsonaro is also cognizant that he needs to forge an alliance with the White House. "He wants to increase trade with the U.S.," Neumann said.
Luckily for him, Trump sees in Bolsonaro a kindred spirit, evidenced by his New Year's Day tweet as Bolsonaro took office:
"Congratulations to President @JairBolsonaro who just made a great inauguration speech — the U.S.A. is with you!”
Meanwhile, conservationists and climate change activists worry that part of that openness will come at the expense of Brazil's vast natural beauty ー particularly its protected rainforests. On his first day in office, Bolsonaro transferred rainforest protections to a ministry that is heavily influenced by the agribusiness lobby. He pulled out of hosting a UN climate change conference and is expected by some to follow the U.S. by canceling Brazil's participation in the Paris climate accord, though he has not done so yet.
Bolsonaro's appearance at Davos suggests he is focused on re-engaging with the world economically, even if his domestic policies are far less liberal.
Neumann noted a famous saying about Brazil: It's a country of the future ... and it always will be.
For full interview [click here](https://cheddar.com/videos/far-right-brazilian-president-speaks-of-new-brazil-in-davos).
Liana Guzmán, CEO of FOLX Health, joins Cheddar News to discuss the company launching billboards across the country in response to anti-LGBTQ+ legislation.
President Biden has announced an additional $800 million in military assistance to Ukraine, including artillery, armored personnel carriers, and helicopters. It comes as Russian forces appear to be preparing for a new, aggressive offensive in the eastern part of Ukraine. Paul McLeary, defense reporter for Politico, joined Cheddar to discuss this new round of aid and what it means for the U.S. commitment to arming the embattled country.
Catching you up on what you need to know on April 18, 2022, with Russian missile attacks on the Ukrainian city of Lviv killing seven, mass shootings in South Carolina and Pittsburgh, Lucky Charms cereal under official investigation by the FDA, and more.
Activism is growing around the country in response to school boards banning books from shelves that focus on sexuality, gender, identity, or race. Jen Cousins, co-founder of The Florida Freedom to Read Project, joins Cheddar News to discuss.
As the Russian invasion of Ukraine intensifies, President Biden has announced a ban on importing Russian oil, gas, and energy. To discuss how this ban will impact the war and Americans, Amir Handjani, non-resident fellow at Quincy Institute, joins Cheddar News.
Thousands of protesters around the world are expressing their solidarity with Ukraine against Russia's invasion.
Jason Beardsley, national executive director of the Association of the U.S. Navy and national security expert, joins Cheddar News to discuss.
As gas prices surge amid the Russian invasion of Ukraine, other nations could potentially transition faster to using clean energy than previously expected. Philip K. Verleger, a senior fellow at the Niskanen Center, joined Cheddar News to explain how this could be a possibility in the near future. "Part of the reason I think we have this invasion and the tantrum that's being thrown by Russia, terrible tantrum, is because the Russians were trying to slow down the transition," he said. "Ironically they speeded it up."
Following the invasion of Ukraine, a multitude of Western companies have paused doing business with Russia. PepsiCo, Coca-Cola, McDonald's, and Starbucks are the most recent companies to temporarily cease operations in Russia. Dean of Miami Herbert Business School at the University of Miami, John Quelch, joined Cheddar News to discuss what message this sends to Russia and the Russian consumer. “I would not underestimate the collective strength of all of these multinational companies, essentially coming together to make their collective statement in support of the political statements that have come out of Washington," he said.
The war in Ukraine continues to reveal heartbreaking gut-wrenching stories. The war in itself is not only devastating but also expensive. Experts estimate that Russia is draining nearly $20 million dollars each day to continue occupying and invading Ukraine. All this could force the country to turn to cryptocurrencies. It's a major turn for the country that briefly considered outlined digital assets entirely, but it could also have serious implications for cryptos. Managing Director at Quantum Fintech Group, Harry Yeh, joined Cheddar to discuss more.
