NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Trump: No promises regarding steel and aluminum tariffs on Brazil

Published 08/03/2020, 01:42
© Reuters. U.S. President Donald Trump participates in a working dinner with Brazilian President Jair Bolsonaro at the Mar-a-Lago resort in Palm Beach, Florida

By Jeff Mason

PALM BEACH, Fla. (Reuters) - President Donald Trump praised the United States' relationship with Brazil under Brazilian President Jair Bolsonaro on Saturday, but declined to say whether he would impose steel and aluminum tariffs on the South American country.

Ahead of a dinner between the two men at Trump's Mar-a-Lago resort in Florida, Trump was asked if he would continue to hold off placing new tariffs on Brazilian steel and aluminum. Trump responded that the United States had helped Brazil, but said he would not make any promises regarding tariffs.

The Western Hemisphere's two largest economies had been embroiled in a trade spat over U.S. metal tariffs. But Bolsonaro in December said Trump had told him there would be no new U.S. tariffs on Brazilian steel and aluminum.

"Brazil loves him, and the USA loves him," Trump said of Bolsonaro as the two men stood briefly in front of journalists. "The friendship is probably stronger now than it's ever been."

The two leaders, who share a similar brand of conservative, populist politics, last met roughly a year ago at the White House.

© Reuters. U.S. President Donald Trump participates in a working dinner with Brazilian President Jair Bolsonaro at the Mar-a-Lago resort in Palm Beach, Florida

A senior U.S. administration official told reporters earlier on Saturday that the two leaders were expected to discuss the crisis in Venezuela, economic ties and the possibility of a U.S.-Brazil trade agreement. Forest conservation was also on the topic list for the meeting, the official said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.