On February 10, U.S. President Donald Trump signed two official proclamations imposing a 25 percent tariff on steel and aluminum from all countries, set to take effect on March 12. As the world's largest importer of steel, the United States relies heavily on imports from Canada, Brazil, and Mexico, according to data from the U.S. Commerce Department.
In response to these new tariffs, CGTN Stringer conducted interviews with professionals from various industries in Brazil to gauge the potential impact. Economist Alderir Gutierres expressed his concerns, stating that a 25 percent tariff would disrupt a market that the World Trade Organization has organized for many years, potentially having a significant negative effect on Brazil’s economy.
Similarly, Lisa da Silva, a Brazilian trade lawyer, voiced her apprehensions, saying, \"I think these tariffs are very bad because it will harm Brazilian exports to the United States. It will create a type of trade war.\" The consensus among the interviewed professionals highlights the anxiety surrounding the new tariffs and their implications for Brazil’s trade relations and economic stability.
Reference(s):
cgtn.com
