Brazilian Automotive Association Advocates for Higher Tariffs on Imports
The National Association of Automotive Vehicle Manufacturers in Brazil calls for the reinstatement of a 35-percent tariff on Chinese vehicle imports due to concerns over trade imbalances and local industry stability after previous tariff reductions.
Brazil’s automotive association is advocating for an increase in tariffs on vehicle imports from China, predominantly electric and hybrid cars. The National Association of Automotive Vehicle Manufacturers, known as Anfavea, has requested the government to reinstate the previously reduced 35 percent tariff after significant reductions implemented last year. Anfavea argues that this increase is crucial to maintain a stable foreign trade environment that protects local production and employment in Brazil’s automotive sector.
In conclusion, Anfavea’s push for increased tariffs on Chinese vehicle imports is driven by concerns over trade imbalances and the potential negative impacts on Brazil’s automotive industry. With a commitment to fostering local manufacturing and protecting jobs, the association urges the government to reconsider last year’s tariff reductions, thereby stabilizing the market and enhancing investment opportunities in electric vehicle production.
Original Source: macaonews.org
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