Chinese automaker BYD faces backlash in Brazil

In a context of modern slavery allegations and a trade war with the U.S. China 🇨🇳floods Brazil 🇧🇷 with cheap EVs triggering backlash www.reuters.com/business/finance/china-floods-brazil-with-cheap-evs-triggering-backlash-2025-06-19/

1/14 This article is a very good illustration of how, in a hyperglobalized world, countries that choose to control their domestic economies—which, among other things, means controlling their capital and trade accounts—can impose... www.reuters.com/business/finance/china-floods-brazil-with-cheap-evs-triggering-backlash-2025-06-19/

China floods Brazil with cheap EVs triggering backlash - "Brazilian auto-industry officials and labor leaders worry that the vast influx of cars from BYD and other Chinese automakers will set back domestic auto production and hurt jobs." www.reuters.com/business/finance/china-floods-brazil-with-cheap-evs-triggering-backlash-2025-06-19/

BYD takes advantage of temporary low tariffs on EVs in Brazil. Following the reintroduction of a 10% tariff on EVs in 2024, it is scheduled to increase every six months before hitting 35% in 2026. www.reuters.com/business/finance/china-floods-brazil-with-cheap-evs-triggering-backlash-2025-06-19/ #lithium