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    Trade Cases

    Trump Walks Back Threat of Steel Tariffs on Brazil

    Written by Sandy Williams


    President Trump is walking back his decision to impose tariffs on steel and aluminum imports from Brazil. After accusing Brazil and Argentina earlier this month of currency manipulation that is harming U.S. farmers, and threatening immediate tariffs in retaliation, Trump now says he will not follow through on his threat.

    Brazilian President Jair Bolsonaro said Trump assured him in a phone call on Friday that Brazil’s aluminum and steel will not be overtaxed. Bolsonaro said the 15-minute call was cordial and respectful.

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