protectionism

World Trade Organization Warns of Protectionism's Risks for Poor Nations

3 months ago

The World Trade Organization (WTO) in its recent report expressed growing concern about global protectionism and its potential impact on widening the gap between rich and poor countries. The organization warns nations against adopting policies aimed at restricting international trade, which could lead to deeper inequalities in the world economy.

Brazil Faces Surge in Steel Imports Despite Protective Measures

3 months ago

Brazil is experiencing a significant increase in steel imports, which continues to grow despite the government’s attempts to implement protective measures to support the domestic industry. According to local observers, steel imports surged by 35% in the first half of 2024 compared to the same period in 2023. This rise is attributed to several factors, including high domestic steel prices and a shortage in local production.