{"id":92970,"date":"2025-02-12T18:41:27","date_gmt":"2025-02-12T21:41:27","guid":{"rendered":"https:\/\/murray.adv.br\/?p=92970"},"modified":"2025-02-12T18:41:29","modified_gmt":"2025-02-12T21:41:29","slug":"government-rejects-trade-war-says-u-s-isnt-aiming-at-brazil","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/government-rejects-trade-war-says-u-s-isnt-aiming-at-brazil\/","title":{"rendered":"Government rejects trade war, says U.S. isn\u2019t aiming at Brazil"},"content":{"rendered":"\n<h6 class=\"wp-block-heading has-text-align-center\"><strong><em>Brazil\u2019s finance minister, Fernando Haddad, said U.S. President Trump\u2019s tariffs are \u201ca generic thing for everyone,\u201d and reaffirmed Lula administration\u2019s willingness to negotiate<\/em><\/strong><\/h6>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>02\/12\/2025 <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p>Brazil\u2019s minister of institutional relations, Alexandre Padilha, stated on Tuesday (11) that Brazil \u201cwill not engage in any trade war\u201d when commenting on the tariffs imposed by U.S. President Donald Trump on steel and aluminum imports. This measure directly impacts Brazil, which was the second-largest supplier of steel to the U.S. last year, trailing only Canada.<\/p>\n\n\n\n<p>\u201cTrade wars benefit no one. Brazil does not encourage and will not engage in any trade war,\u201d he said during a meeting with mayors.<\/p>\n\n\n\n<p>On Monday (10), President Trump imposed a 25% tariff on steel and aluminum imports to the U.S. The Brazilian government is still considering how to respond to this measure, but the initial inclination is to seek negotiations with the U.S. government rather than adopting retaliatory measures.<\/p>\n\n\n\n<p>One approach could be to persuade the Trump administration to reinstate the export quota policy, which had been negotiated between Bras\u00edlia and Washington during the first term of the Republican president (2017-2021).<\/p>\n\n\n\n<p>Finance Minister Fernando Haddad said that unilateral tariff impositions by the U.S. government, such as the 25% tariffs on steel and aluminum imports, \u201care counterproductive for the improvement of the global economy\u201d and that \u201cthe global economy loses with this contraction.\u201d Minister Haddad also mentioned that \u201cthis is not a decision against Brazil; it is something generic for everyone\u201d and reaffirmed the government\u2019s willingness to negotiate. According to him, the Ministry of Development, Industry, Commerce, and Services is gathering information to present to President Lula for decision-making.<\/p>\n\n\n\n<p>The A\u00e7o Brasil Institute, which represents steel manufacturers in the country, expressed surprise at President Trump\u2019s decision to impose a 25% import tariff on steel regardless of origin. However, they remain confident \u201cin the opening of dialogue between the governments of the two countries to reestablish the flow of steel products to the United States based on the agreements reached in 2018.\u201d<\/p>\n\n\n\n<p>The taxation nullifies an agreement made with Brazil during Mr. Trump\u2019s first term, which set export quotas for the U.S. market at 3.5 million tonnes of slabs and semi-finished products and 687,000 tonnes of rolled products. This measure was negotiated after the U.S. had established 25% import tariffs. \u201cIt\u2019s important to note that the negotiation that took place in 2018 met not only Brazil\u2019s interest in preserving access to its main external steel market but also the interest of the American steel industry, which demands Brazilian slabs,\u201d A\u00e7o Brasil stated.<\/p>\n\n\n\n<p>In 2024, the U.S. imported 5.6 million tonnes of slabs to meet domestic demand, as they are not self-sufficient in this type of steel product. Of this volume, 3.4 million tonnes came from Brazil. According to A\u00e7o Brasil, Brazilian sales fully complied with the conditions established under the \u201chard quota\u201d regime. The institute also notes that Brazil has been \u201cplagued\u201d by a significant increase in imports from countries engaging in \u201cpredatory competition, especially China.\u201d As a result, the industry has requested that the Brazilian government implement trade defense measures, currently applicable to nine types of steel (NCMs).<\/p>\n\n\n\n<p>\u201cTherefore, contrary to the claims in the American government\u2019s decision of February 10, there is no possibility of circumvention occurring in Brazil for steel products originating from third countries to the United States,\u201d A\u00e7o Brasil argues. According to the institute, the United States and Brazil have a longstanding commercial partnership historically favorable to the U.S., with an average trade surplus of $6 billion over the past five years. Considering the main items in the steel chain (coal, steel, and machinery and equipment), the U.S. and Brazil negotiate approximately $7.6 billion, with the U.S. having a surplus of $3 billion.<\/p>\n\n\n\n<p>*By\u00a0Fabio Murakawa,\u00a0Ruan Amorim,\u00a0Guilherme Pimenta\u00a0e\u00a0Stella Fontes\u00a0\u2014 Bras\u00edlia and S\u00e3o Paulo<\/p>\n\n\n\n<p>Source: Valor International<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/valorinternational.globo.com\/\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Brazil\u2019s finance minister, Fernando Haddad, said U.S. President Trump\u2019s tariffs are \u201ca generic thing for everyone,\u201d and reaffirmed Lula administration\u2019s willingness to negotiate 02\/12\/2025 Brazil\u2019s minister of institutional relations, Alexandre Padilha, stated on Tuesday (11) that Brazil \u201cwill not engage in any trade war\u201d when commenting on the tariffs imposed by U.S. President Donald Trump [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[25875,25876],"class_list":["post-92970","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-government-rejects-trade-war","tag-u-s-isnt-aiming-at-brazil"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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