With Brazil's trade surplus with China being eroded by more than half this year by Chinese imports, Brazilian President Luiz Inacio Lula da Silva has authorized the country's trade ministry to investigate whether Brazilian industries have been damaged by alleged unfair competition from China, The AP reported. Once the investigation is completed, the trade ministry can make sanction recommendations, including tariff increases and import quotas. Earlier this week, Trade and Development Minister Luiz Fernando Furlan said Brazil was considering the imposition of trade sanctions against China after failed talks on voluntary quotas for key products like textiles, footwear, toys and auto parts.
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