Brazil Responds to U.S. Steel Tariffs

Brazilian Vice President Alckmin criticizes U.S. steel tariffs, emphasizing a cooperative trade approach. He confirms no immediate retaliation will be taken against the U.S.


Brazil Responds to U.S. Steel Tariffs

The Vice President of Brazil, Geraldo Alckmin, expressed his disagreement with the United States' decision to increase tariffs on steel and aluminum imports. Alckmin stated that Brazil is not a trade problem for the United States and that he believes the measure taken was misguided.

Brazil, which is the second-largest supplier of steel to the United States in 2024, is preparing to meet with U.S. trade authorities to seek a solution that benefits both parties. Alckmin, who also serves as the Minister of Development, Industry, Services, and Foreign Trade, emphasized the importance of a win-win approach in foreign trade.

Despite the criticism of Donald Trump's decision, the Brazilian Vice President ruled out taking immediate retaliatory measures against the United States. Instead of responding with an "eye for an eye" logic, Alckmin advocates for seeking solutions that do not harm either economy.

The Minister of Finance, Fernando Haddad, had indicated that Brazil does not plan to take actions of reciprocity regarding the tariffs imposed by the United States. Alckmin, for his part, pointed out that the path in international trade should not be one of confrontation but of dialogue and mutual understanding.