In brief
The government raised the passenger tire import tariff to 30%.
The measure, decided by Gecex, lasts 12 months.
What we know
04Transmission to assets
Market read-through
The measure favors makers with local output and raises import costs.
Portfolio impact
01Setor de autopeçasmixed
Protection for local makers and higher importer costs.
Distributional effect in the sector.
What would change the view: Valid for 12 months.
Direction is an explanatory hypothesis, not a forecast or recommendation.
Next signals
What to watch
- Replacement prices
- New tariff requests
Limits of the reporting
What remains uncertain
- Sources differ on the starting rate: 16% or 25%.