One thing is certain – US is trying to fight its trade deficits.
Who would be relatively safe from Trump’s tariff threat?
Countries that US runs a trade surplus!
Any examples? Brazil.
If a company wants to relocate its production, Brazil would be a top destination due to the trade surplus US enjoys, which means tariff threat is lower.
Plus, Brail has a big population with a relatively lower labor costs vs other countries like Australia, UK, or Singapore (US runs a trade surplus to those countries as well).