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US Drops Steel and Aluminum New Tariffs on Brazil-- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition 1/3/2020 金屬板材展-棒材-線材展 -plate metal expo-wire expo |
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The president of Brazil Mr Jair Bolsonaro said late last week that US President Trump won’t implement a new tariff on Brazilian steel and aluminum imports as threatened earlier in December. He said “I had a phone conversation with President Trump. He was convinced by my arguments and I decided to tell all Brazilians that our steel and aluminum won’t be hit by additional tariffs.”
A US source confirmed to Reuters that the administration won’t be implementing the tariffs talked about by Trump earlier this month.
Mr Trump announced the possibility of tariffs on Brazil and Argentina during a Tweet on December 2, accusing the two countries of devaluing their currencies, a move that hurts US farmers by making their agricultural commodities more expensive on the world market when compared to those from Brazil and Argentina.
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