This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
The Brazilian government said on Monday that it would only take a position after an official decision in the United States on the taxation of new customs duties on steel and aluminum.
On Sunday, US President Donald Trump announced the establishment of 25 % customs tariffs on these products.
“The government has chosen to decide only on the basis of concrete decisions, and not on announcements that can be misinterpreted or revised. We will therefore expect an official confirmation before any reaction, “said Brazilian Minister Fernando Haddad, to the press.
Asked about a possible acceleration of the project to tax large technological companies, Mr. Haddad was content to respond: “We will follow the orientation of the President of the Republic after the effective implementation of the measures”.
“To avoid any confusion, it is inaccurate to affirm that the Lula government plans to tax technological companies in response to possible American measures,” he said on the social network X.
If it is confirmed, Washington’s decision could directly impact Brazil, one of the main steel suppliers in the United States.
According to the US trade department, Brazil is the third largest steel exporter to the United States, behind Canada and Mexico.
In 2024, the South American country sent more than 4 million tonnes of steel to the American market. In 2023, the United States imported 18 % of cast iron, iron or steel parts provided by Brazil.
In total, 25 % of the steel consumed in the United States comes from countries like Canada, Mexico, South Korea, Japan, China and Russia.
