How far would you travel for a good deal?
Position | BRAZIL - Middle class Brazilians travel to the United States to shop - Brief article |
Last year, nearly 2 million Brazilians visited the U.S., with most trekking the 4,000 miles not to see the Statue of Liberty or the Grand Canyon but simply to shop. As Brazil's economy booms, a new middle class is eager to buy jeans, beauty products, and tech gadgets. But most head to the U.S. to avoid Brazil's high prices and ultra-high sales taxes--up to 45 percent for some products, compared with less than 10 percent in the U.S. The Samsung Galaxy S4 phone, for example, costs S615 in the U.S. but double that in Brazil. A large cheese pizza is a whopping $30. Brazilians spent $9 billion last year in...
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