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Brazil: Govt raises tax to protect against imports

The government of Brazil has lifted its industrial products tax on cars with a high level of imported components, in order to protect its local OEMs from cheap imports. This move follows increased shipments from China and elsewhere, owing to a rally in the real. Bloomberg, citing Brazilian Finance minister Guido It’s time to log … Continued

The government of Brazil has lifted its industrial products tax on cars with a high level of imported components, in order to protect its local OEMs from cheap imports. This move follows increased shipments from China and elsewhere, owing to a rally in the real.

Bloomberg, citing Brazilian Finance minister Guido

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