In an aim to combat unfair trade practices, the Brazilian government has announced a significant increase in import tariffs on certain construction steel products, raising tariffs to 25%.
The Brazilian government has announced a significant increase in import tariffs on certain construction steel products, raising tariffs to 25%. The decision is aimed at protecting the local market from foreign competition selling at prices lower than domestic prices. The Brazilian government has announced a significant increase in import tariffs on certain construction steel products, raising tariffs to 25%. The decision is aimed at protecting the local market from foreign competition selling at prices lower than domestic prices.
The measure includes a temporary 25% tariff on various steel products, such as welded gratings, alloy wires, coated wires and galvanized wires, effective until 31 May 2025.
The HS codes of the affected products are: 7312.10.90, 7217.20.10, 7312.10.10, 7229.20.00, 7217.10.90, 7317.00.90, 7308.40.00, 7314.31.00, 7229.90.00, 7217.30.10, 7217.20.90, 7304.29.39 and 7306.69.00.
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