After the US plane arrived, BRICS countries imposed heavy tariffs on Chinese steel products

2025-04-25


Recently, India and Colombia have successively imposed tariffs on Chinese steel products, triggering extensive discussions on trade relations within the BRICS countries. ​

India imposes temporary tariffs on Chinese steel
On April 21, 2025, the Indian government announced a temporary safeguard tariff of 12% on some steel products for 200 days, mainly targeting imports from China, South Korea and Japan. ​The move is aimed at responding to the impact of the surge in imported steel on the country's steel industry, especially small and medium-sized enterprises. ​It is reported that in the 2024/25 fiscal year, India's finished steel imports reached 9.5 million tons, a nine-year high, and India became a net importer of finished steel for the second consecutive year. ​This measure has been supported by major Indian steel companies and is expected to ease the operating pressure of domestic steel mills and stabilize employment. ​
Colombia raises import tariffs on Chinese steel
On October 21, 2024, the Colombian government will increase tariffs on steel products from countries that have not signed free trade agreements from 5% to 35%, reaching the highest level allowed by the World Trade Organization. ​This move is mainly aimed at cheap steel from China and Russia, because its price is more than 40% lower than local products, causing local steel mills to reduce production and threatening employment. ​The Colombian Minister of Trade said that this move was implemented after reaching an agreement with domestic steel producers and is aimed at protecting domestic industry and employment. ​
Background and Impact
Although India and Colombia are not "traitors" of the BRICS countries, their trade policy adjustments do pose a challenge to China's steel exports. ​These measures reflect global concerns about the dumping of Chinese steel products, and many countries have taken measures to protect their own industries. ​This has also prompted Chinese steel companies to seek diversified markets, improve product quality and competitiveness, in response to changes in the international trade environment.