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Brazil president to call Trump over tariffs

IANS  |  Sao Paulo 

has said he is likely to call his US counterpart over his decision to impose stiff tariffs on and aluminium.

"The issue is indeed alarming," Temer said on Wednesday during the opening of the for Latin America in Sao Paulo, reported.

Trump recently announced a 25 per cent tariff on imported and 10 percent tariff on imported aluminium, sparking protests from his country's main trade partners, including Mexico, and

"Clearly we should address this topic very cautiously," said Temer, adding: "I realised that Trump would appreciate communication from the countries implied."

would prefer an amicable resolution to the issue, but could ultimately appeal the decision at the (WTO), said Temer.

Initially, Brazilian companies that export to the US should work "in cooperation with the US Congress to remove or reduce the tariffs," he said.

"If we don't come to a solution that's friendly and quick... we'll resort to the World Trade Organization, but not unilaterally, not just Brazil, but all of the countries that face losses stemming from the implementation of this measure," said Temer.

Brazil's Aloysio Nunes, who was also at the opening ceremony, told reporters he has already requested a meeting with US to discuss exemptions for most Brazilian exports.

"Protectionism is a regression. We are going to defend ourselves in keeping with the rules of international trade," said Nunes.

Should have to respond to the tariffs, it will take measures "provided for in our legislation and in the international agreements signed with the United States," Nunes added.

is the second-largest exporter of to the US, after Canada, and the leading supplier of of the

In 2017, Brazilian industry sold $2.6 billion worth of to the US, or 4.7 million tonnes of the metal, according to official figures.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 15 2018. 07:30 IST