After recent announcements from Brazil and Argentina on increasing to 35% tariffs on footwear imports from China, the industry in Uruguay is calling for similar measures there.
Brazil announced the tariff increase at the end of April to protect the local footwear industry against what finance minister, Guido Mantega, called “unequal competition”. Argentina’s aim in introducing a similar measure was to close its trade deficit with China, and to encourage its Asian trading partner to make its domestic market easier for Argentinian exporters to penetrate.