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As the Mercosur summit opens in Montevideo, higher tariffs on a slew of products look to be on...

As the Mercosur summit opens in Montevideo, higher tariffs on a slew of products look to be on the way as South America contends with a flood of cheap Asian imports. Argentina and Brazil have already agreed to a considerable boost in the average 14% rate, with just some back-room haggling left to bring other countries on board.
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