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The government may still extend non-tariff incentives to help the country's only petrochemicals maker succeed.
CNN: DAD AND ME
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China is home to a burgeoning solar industry, due to generous government subsidies for electricity, export incentives, and tariff protections from foreign competition.
FORBES: U.S. Solar Manufacturer to U.S. Taxpayers: Drop Dead
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The Tuesday tariff is yet another measure aimed at protecting local industry following sector-specific tax incentives (like the auto industry) and a more aggressive intervention policy to maintain the foreign exchange rate between the U.S. dollar and the Brazilian real at weak levels.
FORBES: Weak Economy Pushes Brazil To Protectionism