The Brazilian government will wait for the US government (USA) officialize The 25% tax on steel and aluminum imports to comment on the subject, as well as announce measures in response to the increase in costs to export these products to the North American country.
The information is from Finance Minister Fernando Haddad, who commented on Monday (10), the announcement of US President Donald Trump.
“The government has made the decision to only manifest itself, in due course, based on concrete decisions, not ads that can be misunderstood or reviewed. The government will officially wait for the decision before making any demonstration, ”Haddad told reporters.
Brazil is the second main steel supplier for the US, which is the main destination for exports of the Brazilian product. Questioned if the government discusses taxing, in retaliation, the Big Techs – Technology giants, such as Google, Meta and X, Haddad replied that the government will “wait for the president’s guidance after the actually implemented measures.”
In an interview with Radios Minas Gerais last week, President Luiz Inacio Lula da Silva stated that the Brazil has the right to use the reciprocity law. “For us, what would be important that the US would lower the tax and we lower the taxation. But if it and any country increases Brazil’s taxation, we will tax them as well. This is simple and very democratic, ”said Lula.
During his first term, Trump imposed fees on steel and aluminum, but then granted exemption quotas for partners, including Canada, Mexico and Brazil, which are the main suppliers of these products.
According to data from the US government’s international trade administration, Brazil was the second largest steel supplier for the country in 2024, losing only to Canada. Already a survey of the Brazil Steel Institute, based on official data from the Brazilian government, says that the US was the main destination of steel in the country, representing 49% of all steel that Brazil exported in 2023.
