tradingkey.logo

Brazil steelmakers lobby group says US 25% tariffs on steel will benefit neither country

ReutersFeb 11, 2025 6:33 PM

- Brazilian steelmakers lobby group Aco Brasil said on Tuesday that it was "surprised" by the 25% tariffs imposed by the U.S. on steel, aluminum imports, adding that such measure would not benefit either of the countries.

Aco Brasil added in a statement that the earlier agreement between Brazil and the U.S. was favorable, and that the group and would open conversations to resume steel trade in previous terms.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI