Wednesday, September 07, 2011

What a steel

When I read that Brazil was slapping a tariff on Chinese steel, claiming unfair competition, I felt a sense of deja vu.  The wonders of Google quickly reminded me that in 2002 Brazil complained loudly about how the United States slapped a tariff on Brazilian steel, claiming unfair competition.

This is also a reminder that concerns about Chinese influence in Latin America need to be tempered by the acknowledgment that Latin American governments are keenly aware of the potentially economic effects of Chinese trade and investment, and are even actively working to ameliorate them.


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