RIO DE JANEIRO – Brazil reiterated on Friday that restrictions by the United States on exports of steel and aluminum are unjustifiable and said it remains open to dialogue to “build solutions that better meet the expectations and needs of both sectors,” official sources said.
“The Brazilian government considers that the application of the restrictions on Brazilian exports is not justified and remains open to building solutions that better meet the expectations and needs of both sectors,” according to a joint statement Friday by the Foreign Minister and the Minister of Industry, Foreign Trade and Services.
The pronouncement of the Brazilian ministers comes after the US government made official on Wednesday the restrictions on imports of steel and aluminum to several countries, including Brazil, and announced that as of this Friday the measures would come into force.
In the statement, the ministers specified that the restrictions are “the sole responsibility of the government of the United States,” adding that Brazil “will be in contact with the sector and will closely monitor its effects.”
According to the ministers’ letter, the measures define that Brazilian steel exports to the United States will be subject to quotas based on the average of the 2015-17 period.
For semi-finished steel, that quota will be equivalent to 100 percent of that average, while for long, flat, stainless steels and pipes, the quota will be 70 percent of the average.
Aluminum exports will be subject to an additional 10 percent surcharge on current import tariffs.