Brazil condemned the U.S. tariff increase on steel and aluminum, calling it unjustified, emphasizing the detrimental effects on its $3.2 billion exports to the U.S. The Brazilian government highlighted its significant trade relationship with the U.S., which had a $7 billion surplus in 2024, and stated intentions to explore all trade responses to mitigate the impact of these tariffs.
On March 13, 2025, Brazil strongly criticized the United States for its decision to increase tariffs on steel and aluminum imports to 25 percent, labeling this action as “unjustified and mistaken.” The Brazilian government indicated that these tariffs would have a profound impact on its steel and aluminum exports to the U.S., which reached approximately $3.2 billion in 2024, according to a joint statement from Brazil’s Foreign Ministry and the Ministry of Development, Industry, and Foreign Trade.
Officials expressed concern over this decision, emphasizing the “historic cooperation and economic integration” that exists between Brazil and the United States. Brazil is noted as the third-largest importer of U.S. steelmaking coal and the largest exporter of semifinished steel to the U.S. This context underscores the significant commercial ties that may be jeopardized by the newly imposed tariffs.
In response to these tariff increases, Brazil’s government highlighted that the United States maintains a substantial trade surplus with Brazil, which totaled around $7 billion in goods for the year 2024. This statistic further complicates the narrative surrounding the tariff hikes, prompting Brazilian officials to stress the importance of fair trade practices.
To address the potential negative effects of this decision, Brazil intends to consider all available trade responses over the following weeks, aiming efficiency in counteracting the adverse impacts on its economy and ensuring the protection of its national interests.
In conclusion, Brazil’s response to the recent U.S. tariff increases on steel and aluminum imports underscores its view that such measures are unfounded. With a strong economic relationship and significant export figures in play, Brazil seeks to protect its national interests while exploring potential trade actions. The future of bilateral trade between the two countries could be impacted significantly by these developments.
Original Source: www.uniindia.com
