Brazil says US tariffs and quotas unjust, still open to negotiate
BRASILIA - The Brazilian government said US quotas and tariffs that went into effect on Friday on Brazil's steel and aluminum exports to the United States were unjustified, but said it remains open to negotiate a solution that benefits industries in both countries.
Under the new quota-based system agreed to by Brazil's steel industry, the country's exports of steel to the United States are to fall by around a fifth, dealing a blow to a key sector already grappling with widespread idle capacity and excessive global supply.
The Brazilian aluminum industry opted for the tariff rather than agreeing to a quota, and its export to the United States will face a 10% surcharge on current tariffs.
President Donald Trump said tariffs were imposed on national security grounds, but he has also railed about wanting to protect U.S. industry and workers from what he calls unfair international competition.
The United States announced on Thursday that it was ending a two-month exemption and moving ahead with tariffs that will hit its allies Canada, Mexico and the European Union besides Brazil.
Brazil has argued that the quotas and tariffs will also hurt US industries that import its steel and aluminum and importers will face higher costs.
"The Brazilian government considers that the restrictions on Brazilian exports are not justified and continues to be open to a solution that best serves the expectations and needs of the steel and aluminum sectors in Brazil and the United States," Brazil's Foreign Ministry said in a statement.
Brazilian semi-finished steel exports to the United States will be subject to quotas based on the average for the three years from 2015 to 2017, while finished steel products will be limited to a quota of 70% of the average for those years.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
