BRAZIL believes steel import quotas recently imposed upon the nation by the United States will be lifted as market conditions improve, the foreign ministry said in a statement today.
Late yesterday, the White House announced that it was re-imposing import quotas on certain Brazilian steel products, as domestic producers deal with a slumping market.
In Brazil’s statement, the foreign ministry acknowledged the decision, adding that dialogue over the matter would resume in December.
“The Brazilian government maintains a strong belief that the recovery of the US steel sector, frank and constructive dialogue regarding the matter – to be taken back up in December – and the exceptional quality of bilateral relations will allow the full re-establishment and even intensification of trade in semi-finished steel,” the ministry said. – Aug 30, 2020, Reuters
