Brazil has mounted investigations into a torrent of cheaply produced Chinese goods allegedly flowing into the country.
Brazil has mounted probes into allegations of dumping from a fellow BRICS member and largest trade partner.Brazil's industry ministry has ordered at least six such investigations over the past six months, the Financial Times reported. These include an investigation into steel, of which the South American country is the ninth-largest producer and China the first.
'A significant reason why Chinese manufacturers can produce at below-market prices is the amount of subsidies Beijing pours into its industries—estimated in 2019 to be double that handed out by the U.S. government—have put other countries on their guard.Newsweek reached out to the Chinese Embassy in Brazil and Brazilian Foreign Ministry for comment.U.S. Treasury officials have threatened to take action if China floods world markets with lower-cost goods.
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