37.9 C
Delhi
Friday, May 30, 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

Putin receives widow of former Japanese PM Abe in Kremlin

Moscow: Russian President Vladimir Putin has received Akie Abe, the widow of former Japanese Prime Minister Shinzo Abe,...

Most advanced hospitals to come up on five Lakshadweep islands: Praful Patel

Kochi/Lakshadweep: As part of strengthening healthcare delivery infrastructure, the Administration of Union Territory of Lakshadweep has decided to...

Trump’s envoys to visit Israel next week amid normalisation talks with Syria: Reports

Tel Aviv: US special envoy for Syria Thomas Barrack and Deputy Special Presidential Envoy to the Middle East...

Djokovic outclasses Moutet in straight sets

Paris: Serbian tennis icon Novak Djokovic advanced to the third round of the French Open with a commanding...