June 18, 2025 4:57 am
Full News

Brazil Will Not Engage in a Trade War with the United States

Brazil has no intention of engaging in a trade war with the United States. On Tuesday, Brazil’s Minister of Institutional Relations, Alexandre Padilha, made this statement. Brazil’s position was announced following U.S. President Donald Trump’s imposition of a 25% tariff on steel. French news agency AFP reported this news.

Brazil is the second-largest steel exporter to the United States after Canada. In 2024, the country exported 4.08 million tons of steel to the U.S. Minister Padilha told journalists that the government had not discussed the matter but opposed trade stagnation. He made this statement when asked about Brazil’s possible response to the tariff issue.

He further stated that Brazil would not engage in a trade war with the United States nor encourage others to do so. However, this statement contrasts with the remarks made last month by Brazilian President Luiz Inácio Lula da Silva. President Lula had previously stated that if Trump imposed tariffs on Brazilian products, Brazil would also take retaliatory measures.

The 79-year-old Lula had said, “It’s very simple. If he imposes taxes on Brazilian products, then Brazil will also be willing to impose taxes on U.S. exports.” He also expressed his desire to improve relations with the United States and strengthen Brazil’s trade relationship with its second-largest commercial partner after China.

Brazil’s Finance Minister, Fernando Haddad, said that Trump’s unilateral tariffs were detrimental to global economic progress. However, he also noted that the new tariffs were not solely targeting Brazil but the entire world. He stated that before deciding how to respond to Trump’s actions, Brazil would observe the measures taken by other countries.

During his first term, Trump imposed similar steel tariffs to protect American manufacturers from what he considered unfair competition. However, Brazil was later granted an exemption after agreeing to import quotas.

Jackson Campos, director of institutional relations at the AGL Cargo export company, told AFP that Brazil might opt for diplomacy instead of retaliation. He said that diplomatic negotiations could be one of the alternatives.

The American Chamber of Commerce in Brazil issued a statement expressing hope for a negotiated solution, as the tariffs on steel and aluminum could significantly impact Brazil’s exports in this sector. In 2024, Brazil exported more than $5.7 billion worth of steel and iron to the United States, making the U.S. a major destination for Brazilian exports. In the same year, Brazil exported $267 million worth of aluminum to the U.S., representing 16.7% of Brazil’s global aluminum sales.

Related News
66 people Died in The Fire at The Resort in Turkey
Arsenal ‘Grief’ for not Scoring 10 Goals to Tottenham
Meta’s Policy Shift Sparks Concerns Over Hate Speech and Misinformation
Gabbard and Hegseth: The Game-Changers America Needs
Trump’s Ukraine Envoy to Travel to Kyiv and European Capitals in Effort to End Russia-Ukraine War
Stampede at ‘Pushpa 2’ Premiere: Woman Dead, Child Injured
Related Posts
Latin American Countries to Launch Own AI Model in September
Beyond Nukes: Can Israel Overthrow Khamenei?
India and Canada to Restore Diplomatic Ties after G7 Meeting in Kananaskis
Iran’s Supreme Leader Declares War
EU Moves Toward Full Ban on Russian Oil and Gas as Ukraine War Continues
Trump Extends TikTok Deadline Once Again, Allowing App to Stay in the US
More News

Brad Pitt’s Jeff Buckley Biopic Idea Shut Down by Singer’s Mom

Brad Pitt once sought to star as legendary musician Jeff Buckley in a biopic, but the idea was quickly shot down by Buckley’s mother, Mary Guibert. Pitt reached out to Guibert after inviting her to his 2000 wedding to Jennifer Aniston, seeking permission to pursue the project. While she appreciated the offer, she was skeptical […]

Kim Jong Un Pledges to Strengthen Strategic Partnership with Russia

SEOUL – North Korean leader Kim Jong Un has pledged to solidify the country’s comprehensive strategic partnership with Russia, according to a letter he sent to President Vladimir Putin on December 30, as reported by state media KCNA on December 31. In his message, Kim extended New Year greetings to Putin and all Russians, including […]

World Bank Approves $1.16 Billion for Development Projects in Bangladesh

The World Bank has approved $1.16 billion in funding for three major projects aimed at enhancing health services, improving water and sanitation systems, and promoting climate-resilient and sustainable development in Bangladesh.The largest portion, a $500 million credit, will support Bangladesh’s transition to green and climate-resilient growth. This includes reforms for better public planning, air pollution […]

Pakistan Launches its Own Surveillance Satellite

Pakistan has launched its own surveillance satellite. The satellite was launched on Friday (January 17) from the Jiuquan Satellite Launch Center in northern China. This information was reported by Pakistan’s media outlet Dawn. The Space and Upper Atmosphere Research Commission (SUPARCO), Pakistan’s space research organization, oversaw the satellite. Named EO-1, this is Pakistan’s first domestically […]

Tom Hardy Reveals Near-Miss for Venom and Spider-Man Crossover

Tom Hardy confirmed in a new interview that a Venom and Spider-Man crossover nearly happened but ultimately didn’t materialize due to studio politics. Hardy’s Eddie Brock briefly appeared in the MCU via the post-credits scenes of Venom: Let There Be Carnage and Spider-Man: No Way Home, which sparked hope for a deeper crossover with Tom […]

WHO Announces Free Cancer Medication for Children

The World Health Organization (WHO), the United Nations’ global health security agency, has announced that it will provide free cancer medication to children in low- and middle-income countries. This program officially started today, Tuesday. In a statement from WHO’s headquarters in Geneva, Switzerland, it was mentioned that shipments of cancer medication for children in Mongolia […]

Darkness under the lamp – Dr Muhammad Yunus

Dr MuhammadYunus was awarded the Nobel Peace Prize in 2006 for pioneering the modern concept of microcredit and microfinance. He is the founder of Grameen Bank. This article will shed light on little known facts the creation of Grameen Bank and related issues as it proverbs “it is always darkest under the lamp” for the readers to have […]

Sheikh Hasina Urges Awami League to Mobilize and Support Common People Amid Movement Program

Dhaka, Bangladesh – February 4, 2025 – Former Prime Minister Sheikh Hasina has declared that the interim government led by Muhammad Yunus is on borrowed time and must step down. Labeling the Yunus government as illegal, Hasina asserted, “Every illegal act of this government will be judged. They will be punished for taking away people’s […]

How the New Captain America Movie Could Earn $100 Million in Four Days

Several high-budget Hollywood films are set to be released this year, generating immense excitement among audiences. One of the most highly anticipated films is Captain America: Brave New World, which is set to release next month. Marvel fans have been eagerly awaiting this movie for a long time. As the first big release of the […]

Argentina Files ICC Complaint Against Venezuela Over Detention of Gendarmerie Member

Buenos Aires – Argentina’s government announced on Thursday that it has lodged a complaint with the International Criminal Court (ICC) against Venezuela, accusing it of the “forced disappearance” of Nahuel Gallo, a member of Argentina’s gendarmerie. The complaint follows Gallo’s detention by Venezuelan authorities after he attempted to enter Venezuela from Colombia to visit family. […]