Colombia Hikes Tariffs on Cheap Steel Imports From China
- Tariff on Chinese steel is raised to the maximum 35%
- Announcement follows similar moves by Brazil, Mexico and Chile
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Colombia became the latest Latin American country to raise tariffs on Chinese steel, as producers complain of the threat to local jobs from cheap imports.
The Andean nation imposed an additional 30% tariff on wire rods coming from countries with which it doesn’t have a trade agreement, Trade Minister Luis Carlos Reyes said Monday in a post on X.