US Lifts Tariffs on Brazilian Steel and Aluminum, Hailed as Major Breakthrough

📡 97 Nov 22 · 1 min read ·

Part of composite article Global Trade Shifts as Nations Rewrite Import Rules View full article →

The United States has removed significant tariffs on Brazilian steel and aluminum. This decision ends a long-standing trade barrier and marks a major diplomatic achievement for Brazil. Former President Donald Trump initially imposed the tariffs in 2018. They added a 25% duty on steel and a 10% duty on aluminum from Brazil. Brazilian Vice President Geraldo Alckmin celebrated the move. He called it the "biggest breakthrough" for the nation's agribusiness sector in the last eight years. The US action eliminates these tariffs on 238 Brazilian products. This agreement is expected to strengthen trade relations between the two countries. It provides a significant boost to key Brazilian export industries.