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Brazil acts to fend off Asian imports

Brazil has stepped up its fight against cheap Asian imports, strengthening

border controls and increasing antidumping measures, as well as offering $16bn in tax breaks to revive the country’s own flagging manufacturers.

Despite enjoying one of the highest growth rates in the world, Brazil has seen its industry shrivel over recent months as a result of the surging local currency, which has made exports less competitive and encouraged cheap imports, mainly from China.

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