Macro EconomyMedium•9 November 2026•
1 min read
Brazil Hikes Passenger Car Tire Import Tariffs to 30% to Protect Local Industry
Key Facts
1Brazil's Foreign Trade Chamber (Camex) raised the tariff on passenger car tire imports to 30% for a 12-month period.
2The government reinstated non-automatic import licensing to prevent fraud and support domestic manufacturers against Asian competition.
Brazil's Foreign Trade Chamber (Camex) raised the tariff on passenger car tire imports to 30% for a 12-month period. DatamarNews reported that the government also reinstated non-automatic import licensing to prevent fraud and support domestic manufacturers against Asian competition.
The measure follows requests from the local industry to combat dumping practices, coinciding with a Brazilian trade balance surplus of $9.32 billion reported on November 6, 2026. As these tariffs may impact consumer prices, the market awaits the annual inflation rate data due on November 12, 2026, which is forecasted at 4.74%.