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Brazil eyes tariff hike to counter possible surge in Chinese imports (valorinternational.globo.com)

submitted 2 weeks ago by Hotznplotzn@lemmy.sdf.org to c/globalnews@lemmy.zip

2 comments fedilink hide all child comments

cross-posted from: https://lemmy.sdf.org/post/35079508

Archived

[...]

The Brazilian government believes it has sufficient room to increase import tariffs instead of resorting to more aggressive measures like quotas, should a wave of industrialized goods from China flood the local market. The risk of such a redirection to Brazil has grown in the wake of the global tariff escalation set off by U.S. President Donald Trump.

[...]

Since the beginning of the trade tensions, Brazil has been closely monitoring any potential uptick in the flow of Chinese-made goods to its domestic market, in an effort to “separate the wheat from the chaff.”

“It’s crucial that we base our actions on clear data: to determine whether there is indeed a flood of products or not,” said a Brazilian government official, who noted that so far, no significant increase has been observed.

[...]

If Chinese products do end up being rerouted to Brazil in large volumes, authorities see an increase in import duties as a more straightforward tool to deploy. The government source emphasized that there is legal leeway under both World Trade Organization (WTO) and Mercosur rules to implement such measures.

[...]

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[–] mmddmm@lemm.ee 0 points 1 week ago

Nothing on the article on your comment makes any sense. I'm not sure if there's some way to interpret the article that even makes it coherent. (Was it translated by AI?)

Anyway, the source is "a Brazilian government official, who noted that so far, no significant increase has been observed". So, it's a shitty report about some random person spewing bullshit over no real event at all. Besides, there's nothing there about US imports changing in value either.