Peter Navarro said producers would be benefiting from the devaluation of the real and from export subsidies
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The President of, Peter Navarro, the President of the President of the President of the President of Brazil. According to him, these producers would be benefiting from the devaluation of the real and of export subsidies, which, according to Navarro, impairs competition with the US industries. Navarro mentioned that in 2023, Brazil used the semi -decaded steel quota to send almost 4 million metric tons to the United States, which corresponds to 14% of steel imports in the country. He also stated that American plants would be relatively relatively Brazilian steel plates, which negatively impacts local industry.
The advisor defended the implementation of tariffs on steel and aluminum imports, which were announced by Trump. He criticized former President Joe Biden, claiming that the exemptions created during his administration canceled the benefits of the original tariffs. Navarro believes that the new tariff measures proposed by Trump are essential to ensure that all imports are taxed. In addition, Navarro stressed the importance of expanding tariff coverage to avoid dropout, ensuring that US industries can compete in fair conditions.
Posted by Sarah Paula
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