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Mexico, Chile, and Brazil have increased duties on steel products from China. In some cases, the duties have more than doubled over the past few weeks. Colombia may also be planning to do the same.
(Bloomberg) -- One after another, Latin American nations are following in the footsteps of the US and Europe by imposing prohibitive tariffs on Chinese imports — a strain in what’s been an otherwise cozy relationship. Most Read from BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksFlorida’s
ArcelorMittal expects to produce less steel than previously forecast in Brazil this year, while peer Gerdau has hinted at potential layoffs as steelmakers complained on Wednesday about a surge...
Australian shares are poised to open more than 1pc higher after the US central bank made clear the economy can cope with higher rates. $A advances 1.3pc.
For more than a year, Antonio slept with a wasp nest humming above his head. Not in the open, but inside a small brick house on a farm a couple of hours from Brazil’s capital, Brasilia. Outside, a dozen charcoal kilns burned wood day and night, filling the air with smoke, next to piles of logs illegally cut from the endangered Cerrado biome, South America’s largest savanna. Antonio, who asked for his real name not to be disclosed, worked feeding native trees into the kilns to make charcoal. That fuel, used by steel mills and for the traditional Brazilian barbecue, has links to