29.1 C
Delhi
Tuesday, September 16, 2025

Brazil calls U.S. tariff hikes on steel, aluminum unjustified and mistaken

Date:

Share post:

Donate-GC-Razorpay

Brasilia: Brazil’s government on Wednesday called the U.S. decision to increase tariffs on steel and aluminium imports to 25 percent an “unjustified and mistaken” move.

“These measures will significantly impact Brazilian steel and aluminium exports to the United States, which totalled around 3.2 billion U.S. dollars in 2024,” Brazil’s Foreign Ministry and the Ministry of Development, Industry, and Foreign Trade said in a joint statement.

Officials called the decision unjustified given the “historic cooperation and economic integration between the two nations,” noting that Brazil is the third-largest importer of U.S. steelmaking coal and the largest exporter of semifinished steel to the United States.

The United States maintains a long-standing trade surplus with Brazil, which in 2024 amounted to roughly 7 billion dollars in goods alone, the government added.

Officials said Brazil will explore all possible trade responses in the coming weeks, aiming “to counteract the harmful effects of the U.S. measures and protect legitimate national interests.”

Related articles

LG Sinha flags off first dedicated parcel train from Kashmir to Delhi

Srinagar: JK Lieutenant Governor Manoj Sinha flagged off the first dedicated parcel train from Kashmir to Delhi today,...

PM Modi pays tribute to Bharat Ratna M Visvesvaraya to celebrate the Engineers’ Day

Kolkata: Prime Minister Narendra Modi today paid his heartfelt homage to Bharat Ratna M. Visvesvaraya, whose pioneering contributions...

PM Modi to inaugurate Combined Commanders’ Conference at Fort William

Kolkata: Prime Minister Narendra Modi, who arrived here, is scheduled to inaugurate a key defence conference at Fort...

Stalin launches ‘Anbu Karangal’ scheme: Rs 2,000 monthly educational aid for orphaned students

Chennai: Tamil Nadu Chief Minister and DMK President M K Stalin today launched yet another pioneering initiative, christened...