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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
Explore the anticipated impact of Brazil's 25% duty on paper and steel imports on the buyer's market. Take a comprehensive look into the effects of import tariffs on the commodities market in Brazil.
2023 crude steel output forecast down 8% on year Further production falls expected in 2024 Decision on import tariff expected before year end Brazilian steel executives said Nov.
Brazil's steel mills, meanwhile, have an idle capacity of around 40 per cent. Read more at straitstimes.com.