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Brazil Threatens 'action' To Protect Interests After Trump Tariff Move

by cnbc.com posted 8months ago 30 views
Brazil's Industry Ministry on Thursday expressed "enormous concern" about the proposed U.S. tariffs. : Brazil's Industry Ministry on Thursday expressed "enormous concern" about the proposed U.S. tariffs and underscored that Brazil may take "multilateral or bilateral" action to protect its interests. The ministry said its steel industry was not a threat to the United States, noting that 80 percent of its steel exports are semi-finished products that serve as an important input for the American steel industry. The statement also noted that Brazil is the biggest importer of metallurgical coal from the United States.

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