Brazilian steel and aluminum exports to US face 25% tariff impact, seeking alternative markets in Europe and China
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Update time : 2025-03-07 17:12:54
The US President Trump will impose a 25% tariff on imported steel and aluminum, impacting Brazil, the second-largest supplier of steel to the US. Experts predict that affected Brazilian industrial sectors will seek alternative markets like Europe and China to offset reduced US demand. Brazilian producers may temporarily sell inventories locally, causing price drops.
Sérgio Vale, an economist, notes Brazil's dependence on commodities rather than industrial exports and expects price falls before adaptation.
Paulo Gala, an economics professor, suggests the dollar's trend, influenced by Trump's tariffs, will affect prices, but the dollar's future depends on US fiscal policy amid economic recession fears.
