Brazil hints at WTO complaint, tax on US products after Trump steel tariffs
ReutersFeb 14, 2025 12:21 PM
SAO PAULO, Feb 14 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Friday his country would react to U.S. President Donald Trump's decision to issue tariffs on steel imports, suggesting a complaint to the World Trade Organization or taxing U.S. products.
"I hear they are now going to tax Brazilian steel. If they do it, we will react commercially, either by filing a complaint to the WTO or taxing products we import from them," Lula said in a radio interview.
The South American country is one of the largest sources of U.S. steel imports. Trump earlier this week substantially raised tariffs on steel and aluminum imports to a flat 25% "without exceptions or exemptions".
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