The US decision to impose tariffs on imports of steel and aluminum has taken all the steel-exporting countries in the world by storm, but the country most affected by steel tariffs is Brazil, according to the industrial site L'Usine Nouvelle.
Brazil exports 5.7 tonnes of steel a year to the United States, equivalent to one-third of the country's steel production and three billion dollars in revenue. By comparison, the whole EU exports steel to the US for five billion dollars a year.
According to the Brazilian newspaper G1, Brazilian authorities are contending. The country imports carbon for one billion dollars a year from the United States, and a countermeasure could be to reduce coal imports until the country's appeal of steel and aluminum tariffs in the WTO is successful.
Source: LÚsine Nouvelle & G1
