Economics
China-U.S. Deal Sets Up Brazil and Saudis Among Likely Losers
- While China says no cuts, temptation will be to shift orders
- Angola, the Republic of the Congo and Mongolia also face risk
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Brazil, Saudi Arabia and Australia are among the major economies exporting agriculture and energy products that are most likely to lose orders from China as a result of that nation’s $200 billion commitment to buy from the U.S. announced last week, according to a Bloomberg Economics analysis.