Brazil has announced that it will not engage in a trade war with the United States following the imposition of tariffs on steel and aluminum imports by US President Donald Trump. According to Source Brasil, Brazilian Institutional Relations Minister Alexandre Padilha stated that the government has not discussed the possibility of entering a trade war. President Luiz Inácio Lula da Silva has consistently emphasized that a trade war would not be beneficial for any party involved.
Padilha highlighted Brazil's preference for strengthening trade relationships with its partners rather than resorting to trade conflicts. Brazil currently stands as the second-largest exporter of steel to the US, trailing only behind Canada as per the US Department of Commerce.
