Brazilian Vice President Geraldo Alckmin held a "positive" video call with U.S. Commerce Secretary Howard Lutnick on Thursday, discussing U.S. tariffs on steel and aluminum. Alckmin, who also serves as Brazil’s trade minister, emphasized the importance of maintaining strong trade ties.
The Biden administration recently announced 25% tariffs on steel and aluminum imports, set to take effect on March 12. Brazil, a top U.S. steel supplier, shipped 4.3 million metric tons to the U.S. last year, accounting for 48% of its total steel exports. The new tariffs could significantly impact the South American nation's steel industry.
During the call, Lutnick reportedly assured Alckmin that he would relay Brazil’s request to delay the tariffs to U.S. President Donald Trump. Brazilian news outlet G1 cited sources claiming the U.S. is considering a postponement. While Alckmin’s official statement did not mention a formal request for a delay, it stressed the need for continued dialogue to resolve trade disputes.
United States Trade Representative Jamieson Greer also participated in the discussion, signaling further bilateral talks in the coming days. The negotiations could shape future trade relations between the two countries, with Brazil seeking favorable terms to avoid economic disruptions.
With Brazil being a major steel exporter to the U.S., the outcome of these discussions could have significant implications for both economies.