Countering Chinese ‘predatory imports’.
…That means blocking the rising tide of cheap Chinese supply that threatens to push local producers out of their home markets.
Mexico announced a plan this month to raise tariffs on products from China, including steel, to as much as 50%. Canada has also implemented protectionist measures, and in Brazil, steel producers are calling on the government to impose further trade barriers to foreign supply…
“We need swift and effective trade defense measures,” Marco Polo de Mello Lopes, the head of industry group Instituto Aco Brasil, said at a conference last month. Chinese steel now accounts for 65% of the Brazilian import market, he added. “The big challenge is to win back the one-third of the market we lost to predatory imports.”
DB2