Brazil Finance Minister warns of trade war

Finance Minister Guido Mantega, raises Brazil's currency issue and control by China, the US and other powerful countries. He will make the issue public at the World Trade Organization and expressed his concerns to the Financial Times newspaper. Guido says that the deficit has decreases since the US is trying to improve its economy through bad policy. He points out that China's "undervalued currency" has hayed the world trade and accused rich countries like the US to be deliberately diminishing their currencies for personal profit since their exports will be more competitive. Brazil has an advancing economy as a result; Brazilian exports are not as competitive.