Brazil is monitoring reactions from China, Canada, and Mexico before responding to US steel tariffs.

247 - Brazilian diplomacy is closely monitoring the reactions of countries such as Mexico, Canada, and China regarding the 25% tariff on steel and aluminum imports, a measure announced by US President Donald Trump. The decision, which will take effect on March 4th, promises to directly affect the steel industry in these countries and, consequently, trade relations with the United States. This information comes from journalist Andréia Sadi of [source name missing]. g1.

According to advisors close to the president, Brazil does not intend to adopt punitive measures, such as taxing big tech companies, in response to Trump's policy. The objective, as highlighted, is to seek solutions that do not further harm the national economy. The taxation of imported products, aimed at protecting American industry, is part of a commitment Trump made during his presidential campaign, focused on strengthening domestic production in the United States.

Currently, about 25% of the steel used in the United States comes from other countries, most notably Mexico, Canada, and several Asian allies. Aluminum follows a similar trend, with more than half of the demand met by exports, especially from Canada. In 2024, Brazil was the second largest supplier of steel to the US, behind only Canada, according to data from the US Department of Commerce. In 2023, 18% of Brazilian exports of pig iron, iron, or steel were destined for the United States.

This is not the first time Trump has tried to implement tariffs on the import of these products. During his first term, between 2017 and 2021, the former US president created similar restrictions, but all were subsequently revoked.