Trade Cases
April 2, 2018
Brazil Considering Section 232 Concessions
Written by Sandy Williams
Brazil is one of seven countries granted a temporary retrieve from Section 232 tariffs on steel and aluminum. If the 25 percent tariff is imposed on the Brazilian steel industry, it would impact 13 percent of the nation’s steel exports and lead to losses estimated at $350 million annually, according to a new study by the Institute for Applied Economic Research. In 2017, Brazil exported approximately $2.6 billion of steel to the U.S., 33 percent of its total steel exports.
Last week, it was reported that U.S. negotiators proposed measures for Brazil to consider in return for permanent exemption from the tariffs. They included:
