Brazil is actively engaging in constructive dialogue with the United States following the recent announcement of a 25% tariff on steel and aluminum imports. Vice President Geraldo Alckmin expressed optimism about maintaining a strong trade relationship and highlighted quotas as a practical alternative to tariffs, fostering economic collaboration between both nations.
Brazil remains a key supplier of steel to the U.S., and Alckmin underscored the positive economic ties between the two countries. “Brazil is a valued partner in global trade, and our relationship with the U.S. has been mutually beneficial,” he stated, emphasizing the shared commitment to fair trade policies.
President Donald Trump’s decision to reinstate tariffs aligns with previous policies first implemented in 2018 under national security considerations. However, past negotiations have resulted in quota agreements for several nations, including Brazil, allowing for continued trade without additional duties.
“In the past, when tariffs were increased, quotas were set. That’s a smart mechanism that supports stable trade flows,” said Alckmin, who also serves as Brazil’s minister of development, industry, and trade.
Brazilian steel industry representatives are confident that proactive discussions can lead to favorable outcomes. Aço Brasil, a leading trade association, acknowledged the need for collaboration, noting that Brazil’s steel exports to the U.S. accounted for 3.4 million tons in 2024, despite an overall market adjustment.
Aço Brasil President Marco Polo de Mello Lopes expressed confidence in reaching an agreement that sustains bilateral trade growth.
“The long-standing agreement has provided stability for both parties, and we believe continued cooperation will strengthen our trade ties,” said Lopes.
The U.S. and Brazil conducted over $80 billion in trade in 2024, with the U.S. trade surplus reaching $253 million. The Brazilian government remains committed to fostering economic stability and strengthening its trade partnership with the U.S., promoting sustainable and mutually advantageous trade practices.
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