Dossier
tariff increase
Coverage of tariff increase in the Nexus archive.
- Brazil becomes world’s top buyer of Chinese cars as imports jump 147%
Brazil became the world’s largest importer of Chinese cars in the first five months of 2024, purchasing $5.2 billion worth of vehicles, a 147% increase from the previous year. The surge occurred as automakers rushed to ship cars before a July tariff hike, surpassing Russia and Belgium in import volume.