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Brazil Hikes Tariff On Shoes to Protect Jobs From China

Brazil is one of the hottest shoe makers around, but China is catching up. And they have the scale to make brand name sneakers and sandals a lot cheaper than Brazilians do.

So on July 4, Brazil decided to impose tariffs of up to 182 percent on footwear parts and accessories coming from China in another bid to restrict imports of Chinese footwear after an anti-dumping duty two years ago. In March 2010, Brazil imposed a five-year anti-dumping duty of $13.85 on each pair of shoes from China. It also launched an investigation into what it called “anti-dumping circumvention” in October 2011 following a request from the Brazilian Footwear Industries Association…

via Brazil Tries Protecting Jobs From China, Hikes Tariff On Shoes – Forbes.

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