Additional taxes would add to those already existing; The president also talks about publicizing “reciprocal tariffs” during the week
The US President, (Republican), told reporters on Sunday (9.Fev.2025) that he will announce on Monday (10.FEV) the beginning of the application of 25% rates on all steel and aluminum imports for the country. Taxes would add to those who already exist.
Trump also said that announcing what he called “Reciprocal rates” 3rd (11.FEV) or on Wednesday (12.FEV), which must enter into force immediately. The targets will be countries that, according to the Republican, are in advantage of the US market. The information is from Reuters.
In 2018, during his first term as president, Trump came to 25% tariffs on steel and 10% of aluminum, but then exemption quotas to several commercial partners, including Canada, Mexico and Brazil.
In 2020, the Republican the same increase, but left Brazil exempt from additional sanctions on steel.
The steel and aluminum industry in Brazil should be affected by new tariffs, as Brazilian metals are exported in large volumes to the US. Until then, the market will continue volatile waiting for the decisions that will be made by the White House.
