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Steel & Metal
- Brazil -

Brazil Considers WTO Appeal Over US Steel Tariffs

Brazilian President Luiz Inácio Lula da Silva has stated that Brazil may appeal to the World Trade Organization (WTO) over the 25% import tariff imposed by the US on Brazilian steel. During his visit to Japan, Lula outlined two potential responses: appealing to the WTO or imposing reciprocal tariffs on US products. He emphasized that while the US president has the right to make decisions, he should consider the consequences, which could include increased prices and inflation in the US. The situation remains unresolved as Vice President Geraldo Alckmin continues negotiations with US authorities, hoping for a mutually beneficial resolution.

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