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Trump Taxar will be one of the most affected; Sales total US $ 6 billion

BySimon Rousseau Posted onFebruary 9, 2025 5:32 pmFebruary 9, 2025 5:32 pm
Jamil Chade

“The United States is an important destination of Brazilian exports of the iron and steel and aluminum sectors. In 2024, Brazil sold US $ 11.4 billion in the iron and steel sector to the world, and 48.0% (US $ 5.7 billion) were directed to the United States, and US $ 1.6 billion in the aluminum sector, being 16.8% (US $ 267.1 million) to the United States, “a recent report said from the Chamber of Commerce Brazil USA.

“Investigations on threat to national security related to imports were carried out in the first term of the Trump administration for certain steel and aluminum products and resulted in a 10% overcover for aluminum and quota with export limitation for steel,” said the document. “Brazil, one of the largest suppliers to the United States, was mainly affected in semimanufated goods of steel,” he said.

Semi-archae or steel products occupy second place among the most exported items in Brazil to the US. By 2024, the volume reached $ 3.5 billion.

Speaking of his plane while traveling to the Super Bowl, the US president did not explain when the tariffs would come into force. But it has ensured that all countries will be affected.

The sector is one of the major responsible for their victory in states considered as strategic. Trump’s gesture, therefore, is being seen as a retribution.

According to Facto News had revealed exclusivelythe steel sector was considered as a potential target of Trump.

Read more:  Trump deadline to Russia before sanctions 'is very long'
Simon Rousseau
Simon Rousseau

Hello, I'm Simon, a 39-year-old cinema enthusiast. With a passion for storytelling through film, I explore various genres and cultures within the cinematic universe. Join me on my journey as I share insights, reviews, and the magic of movies!

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