The Brazilian government will evaluate responses to U.S. tariffs on steel and aluminum, including potential actions at the WTO. The tariffs, aimed at reshaping global trade, could significantly impact Brazil’s $3.2 billion in exports. Brazil’s officials criticized the U.S. decision, emphasizing their historical economic partnership. President Lula has instructed his economic team to pursue dialogue with U.S. officials.
On Wednesday, the Brazilian government announced it would evaluate various possible responses to the U.S. tariffs imposed on steel and aluminum imports, including actions at the World Trade Organization. This decision aims to mitigate the adverse effects these measures may have and to safeguard Brazil’s legitimate national interests.
The tariffs, implemented by U.S. President Donald Trump, escalate his efforts to reshape global trade to benefit the United States. Brazilian officials remarked that these tariffs could significantly affect their steel and aluminum exports, which were valued at approximately $3.2 billion in 2024.
In a joint statement, Brazil’s Foreign Ministry and the Ministry of Development, Industry, and Foreign Trade criticized the U.S. decision as “unjustified and mistaken.” They highlighted the long-standing cooperation and economic integration between Brazil and the United States as reasons against such measures.
Notably, Brazil stands as the third-largest importer of U.S. steelmaking coal and the largest exporter of semi-finished steel to the United States. The U.S. trade surplus with Brazil was about $7 billion in goods in 2024, as reported by Brazilian authorities.
In light of these developments, President Luiz Inacio Lula da Silva has directed his economic team to pursue dialogue with the Trump administration. Finance Minister Fernando Haddad conveyed to the press that President Lula emphasized the importance of remaining composed, noting that Brazil has previously negotiated under far more challenging circumstances.
In conclusion, the Brazilian government is contemplating its responses to the newly imposed U.S. tariffs on steel and aluminum, considering actions at the WTO to protect its economic interests. Underscored by the significant impact on export values and historical bilateral cooperation, Brazil seeks to engage in dialogue with the U.S. to find a resolution.
Original Source: news.cgtn.com
