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Brazils Lula threatens reciprocity in US steel tariff row [Video]

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Canadian Economy and Markets

Brazil’s President Luiz Inacio Lula da Silva on Friday vowed “reciprocity” in response to a 25-percent levy on steel imports announced by US President Donald Trump.

“There is no doubt, there will be reciprocity” from Brazil — the second-largest exporter of steel to the United States after Canada, Lula told Radio Clube do Para.

Brazil sent 4.08 million tonnes of the metal to the United States in 2024.

“If they tax Brazilian steel, we will react commercially or file a complaint with the World Trade Organization or tax the products we import from there,” the leftist leader added.

Brazil imports a large number of steel-based manufactured products from the United States, including industrial machinery, car engines and parts for its aerospace industry.

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