President Donald Trump announced on Friday night (30) that steel and aluminum tariffs will increase to 50%, bending the current rate, starting next Wednesday (4).
The statement was made through a publication on social networks, after his comments on a plant.
“It’s a great honor for me to increase steel and aluminum tariffs from 25% to 50%, from Wednesday. Our steel and aluminum industries are recovering like never before. This will be more great news for our wonderful industry workers. Make great America again!”
“IMPORTANT ADVERTISING”
Earlier, while visiting US Steel, Trump said he had an “important ad.”
“Let’s impose a 25%increase,” said Trump. “We will increase from 25% to 50% the tariffs on imported steel to the United States, which will further protect the steel industry in the United States. No one will be able to get around this.”
Trump said he was considering a 40%tariff, but industry executives said they wanted a 50%rate.
“With 25%, they can pass over,” said Trump. “With 50%, no one will pass over.”
Brazil x USA
Brazil is the second largest US steel and iron supplier. In 2024, Americans bought US $ 4.677 billion (about R $ 27 billion) from Brazilian products from the “Steel and Iron” set.
The volume of Brazilian iron and steel exported to Americans is equivalent to 14.9% of the total imported by the United States. First, Canada appears with 24.2%. After Brazil, are Mexico (10.1%), South Korea (5.9%) and Germany (4.6%).
The US was 47.9% of Brazil’s steel and iron group exports in 2024. Brazil’s second largest buyer is China, which corresponded by 10.7% of Steel and Iron Exports in Brazil.
