President of Brazil, Jair Bolsonaro, announced today that after having a telephone conversation with his US couple,
Donald Trump, the US government gave up imposing new tariffs on the importation of steel and aluminum to that country.
"(Trump) was convinced of my arguments and decided (…) that our steel and aluminum will not be overweight," Bolsonaro said in a video posted on his Facebook account. For his part, Trump published a tweet in which he mentioned having had a "great" conversation with Bolsonaro, but not to mention a commercial agreement.RELATED
In the Argentine Foreign Ministry they confirmed
THE NATION that, after making pertinent consultations in the US,
The Argentine case is still under review by its authorities.
In the industrial sector affected by the measures announced by the president of the USA. Earlier this month they told this media that the possibility of Trump reversing his decision began to circulate in recent days after the United States. will close a trade agreement with China. In the Government they admitted that this reading was gaining ground.
"Brazil and Argentina have been driving a massive devaluation of their currencies, which is not good for our farmers. Therefore, with immediate validity, I will restore tariffs on all steel and aluminum sent to the US. from those countries, "the US president wrote at the beginning of the month on his Twitter account.
In May 2018, Argentina had been exempted from import tariffs on steel (25%) and aluminum (10%) driven by Trump. The agreement established quota-free export quotas, with a cap of 180,000 tons per year, for both steel and aluminum. It is not minor for the country and its commerce. It is a market of 700 million dollars of export, they are two very important industries.