Brazil will not retaliate against US steel tariffs immediately, minister says

Business and Finance Business and Finance

Wed, March 12, 2025

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[ Wed, Mar 12th ] - WOPRAI

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[ Wed, Mar 12th ] - WOPRAI

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Brazil will not retaliate against US steel tariffs immediately, minister says

^{Published on 2025-03-12 11:20:58 - Reuters}

Brazil's Finance Minister Fernando Haddad said on Wednesday that the South American country would not immediately retaliate against tariffs imposed by the United States on steel and aluminum imports,

Brazil will not immediately retaliate against the U.S. steel tariffs, according to Foreign Minister Mauro Vieira, who stated on March 12, 2025, that Brazil prefers to engage in dialogue with the U.S. to resolve the issue. The U.S. had imposed a 25% tariff on steel imports, which Brazil considers a violation of World Trade Organization (WTO) rules. Despite this, Vieira emphasized Brazil's commitment to finding a negotiated solution rather than escalating trade tensions. He mentioned that Brazil would continue to monitor the situation and could consider retaliatory measures if talks do not progress, but for now, the focus is on diplomatic efforts to address the trade dispute.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/americas/brazil-will-not-retaliate-against-us-steel-tariffs-immediately-minister-says-2025-03-12/ ]

N@N

Brazil will not retaliate against US steel tariffs immediately, minister says