Brazil imposes import quotas and 25% tax on 11 types of alloy steel from China to protect domestic steel industry.
Brazil introduces import quotas and a 25% tax for 11 types of alloy steel products amid an influx of cheap imports from China. This move comes as a response to the pressure on steel producers across Latin America due to an increase in Chinese steel exports. The new tariffs will be in place for a year and take effect in about 30 days, aiming to protect Brazil's domestic steel industry.
April 23, 2024
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