Weekly Report - 15 March 2018 (WR-18-10)

BRAZIL | US tariffs. The Brazilian government has expressed concern after US President Donald Trump signed a decree to apply a 25% tariff on steel imports and 10% on aluminium to protect national security. In a joint statement issued on 8 March, Foreign Minister Aloysio Nunes and Trade Minister Marcos Jorge said this would damage Brazilian exports and negatively impact bilateral trade, which has mostly favoured the US over the last 10 years, besides having a negative impact on commercial and investment relations.