US Secretary of State says strategy aims to promote greater ‘justice’ in global business relations, with the application of reciprocal tariffs
The Secretary of State of, It announced that the country is open to negotiating bilateral agreements after the imposition of tariffs on its main business partners, including Brazil. According to him, this strategy aims to promote greater “justice” in global trade relations, with the application of reciprocal tariffs. Rubio argued that the implementation of these tariffs is fundamental to strengthen strategic sectors of the American economy, such as aluminum, steel and semiconductors. However, experts warn that this may result in an increase in costs for US producers, and pressures internal inflation.
25% tariffs on steel and aluminum have a significant impact on Brazil, which stands out as a major exporter of these products. In response, technicians from the Brazilian ministries have already started conversations with the United States, seeking concessions that can minimize the effects of tariffs. In 2018, Brazil was able to negotiate quotas that allowed the export of these products without fees, but the Trump government’s stance was resistance to new concessions. In addition to tariffs on steel and aluminum, new rates are expected to affect agricultural products and vehicles, increasing the concern among Brazilian exporters.
Posted by Sarah Paula
*Report produced with the aid of AI
