The Brazilian government assured that it has no intentions of Enter a commercial war with the United States. In this sense, the Minister of Economy, Fernando Haddad, described the measures taken by Donald Trump as “unilateral of this type are counterproductive for the improvement of the global economy.”
Brazil’s criticism comes after the United States imposed new 25% tariffs on Steel and aluminum imports. For its part, the Minister of Institutional Relations, Alexandre Padilha, He affirmed that “Brazil does not stimulate or enter any commercial war.”
Brazil criticized the new tariffs imposed by the United States
As Haddad detailed, the United States decisions affect world trade due to “that retraction, that deglobalization that is happening.” In reference to Trump’s decision, the Brazilian minister said that the tariff “is not a decision against Brazil, but” but “a generic thing against everyone”
For his part, Padilha said: “President Lula has always said very clearly: Commercial wars do not do anyone well“. In this same line, Haddad later assured that the Brazilian government”Look“The reactions of other countries to make an” evaluation “ about how to act before the advanced American.
This means a change in Brazilian politics since, at the end of January, Lula himself had promised “reciprocity“Given the possible measures of the Republican leader. At that time, the Brazilian president had assured:”If you gravel the Brazilian productsthere will be reciprocity of Brazil taxing the products exported from the United States. “
For their part, business sectors expressed concern about the measure but expect to create a space for negotiations. In this sense, from the National Confederation of Industries of Brazil (CNI) they detailed: “We regret the decision and we are going to act in search of dialogue to show that there are paths to be reversed. “
Donald Trump’s decision about tariffs
The president of the United States signed, last Monday, the executive order that imposes 25% of tariffs on the import of steel and aluminum. The Republican leader evaluates to extend regulations to the cars, pharmaceuticals and computer chips.
“Today I simplify our tariffs on steel and aluminum“He said Monday from the Oval Office of the White House, whileiring the decrees with which the new import rights will be valid.
After the signing of the executive orders, Trump clarified: “Is 25%, without exceptions or exemptions“
In addition, he remarked that they will advance with new import rights to compensate with those countries in which similar measures or American raw materials are in force. “We will announce reciprocal tariffs, probably on Tuesday or Wednesday“He said.
“If they charge us 130% and we do not charge anything, it will not continue like this”, Said Trump in an interview with La Prensa on the presidential plane, broadcast in the previous sporting event that will take place tonight.
With the validity of the new tariffs, Canada will be one of the main affected countries. Although most of the steel used by American companies is produced in the country, the northern neighbor leads the ranking of the imports made by the USA. Brazil, Mexico, South Korea and Vietnam.
As reported by scope, The new tariff barriers introduced by Trump will propose “more than significant” difficulties for the Argentine metallurgical industry, in particular for companies such as Aluar and the companies of the Techint group such as Tenaris and Ternium, “which are Key actors in exporting these metals“, According to Leonardo Anzalone, director of Center for Political and Economic Studies (CEPEC).
Source: Ambito
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