Trade Cases
November 19, 2015
Brazil Considering a Rate Hike for Steel Tariffs
Written by Sandy Williams
Brazil is studying a proposal to raise import tariffs on steel goods said Brazilian Finance Minister Joaquim Levy following a hearing of the Economic Affairs Committee of the Senate. The measures would protect the local steel industry which has been vocal in its demand for a rate hike.
No details on specific products or rates were given but the Folha de S Paulo news reported that rates for some steel products could rise to between 15 and 20 percent from the current rate of 8 percent to 14 percent.
