MercoPress. South Atlantic News Agency

Trump's 25% tariffs: Lula's gov't favors negotiation over retaliation

The Brazilian government criticized US President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports. The protectionist move is foreseen to cause the South American country around US$ 1.5 billion loss in exports, primarily affecting semi-finished products. Despite its potential impact on the steel sector, minimal effects on Brazil's GDP and total exports are projected. The Government of President Luiz Inácio Lula da Silva favors negotiation over retaliation. Read full article