Brazil to Explore All Options in Response to U.S. Tariffs
Brazil has announced that it will explore various options in response to tariffs imposed by the United States.
TroibNews 
On Wednesday, the Brazilian government announced plans to evaluate potential measures in response to U.S. actions, including taking steps at the World Trade Organization to "counteract the harmful effects of the U.S. measures and protect legitimate national interests."
U.S. President Donald Trump's increased tariffs on all steel and aluminum imports were implemented on the same day, marking a significant effort to "reorder global trade in favor of the U.S."
Brazil's Foreign Ministry and the Ministry of Development, Industry and Foreign Trade stated in a joint statement, "These measures will significantly impact Brazilian steel and aluminum exports to the United States, which totaled around $3.2 billion in 2024." They characterized the U.S. decision to raise tariffs as an "unjustified and mistaken" action, particularly in light of the "historic cooperation and economic integration between the two nations."
As the third-largest importer of U.S. steelmaking coal and the largest exporter of semi-finished steel to the U.S., Brazil plays a notable role in the trade relationship. The U.S. maintains a longstanding trade surplus with Brazil, which reached about $7 billion in goods in 2024, according to the Brazilian government.
In response to the situation, President Luiz Inacio Lula da Silva has directed his economic team to pursue dialogue with the Trump administration. Finance Minister Fernando Haddad shared this information with reporters earlier on Wednesday following discussions with members of the local steel industry in Brasilia. "President Lula told us to remain calm, noting that in the past we have negotiated under conditions that were even more unfavorable than the current ones," Haddad remarked.
Aarav Patel for TROIB News
U.S. President Donald Trump's increased tariffs on all steel and aluminum imports were implemented on the same day, marking a significant effort to "reorder global trade in favor of the U.S."
Brazil's Foreign Ministry and the Ministry of Development, Industry and Foreign Trade stated in a joint statement, "These measures will significantly impact Brazilian steel and aluminum exports to the United States, which totaled around $3.2 billion in 2024." They characterized the U.S. decision to raise tariffs as an "unjustified and mistaken" action, particularly in light of the "historic cooperation and economic integration between the two nations."
As the third-largest importer of U.S. steelmaking coal and the largest exporter of semi-finished steel to the U.S., Brazil plays a notable role in the trade relationship. The U.S. maintains a longstanding trade surplus with Brazil, which reached about $7 billion in goods in 2024, according to the Brazilian government.
In response to the situation, President Luiz Inacio Lula da Silva has directed his economic team to pursue dialogue with the Trump administration. Finance Minister Fernando Haddad shared this information with reporters earlier on Wednesday following discussions with members of the local steel industry in Brasilia. "President Lula told us to remain calm, noting that in the past we have negotiated under conditions that were even more unfavorable than the current ones," Haddad remarked.
Aarav Patel for TROIB News
