⚒️ Nerves of steel

Trump’s latest tariff decision is a threat to Brazilian steel. Lula’s cabinet still not singing from the same hymn sheet. And the rise of plane and helicopter crashes in Brazil

Author

Gustavo Ribeiro
February 10, 2025 • Reading Time: 2 minutes

Good morning! The Philadelphia Eagles were crowned Super Bowl champions on Sunday — capping a season that began with a game in São Paulo. It was the first NFL game in South America, but probably not the last. 

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Brazilian iron and steel industry on alert

Stock of rolled steel sheets stored in warehouse factory. Photo: Skipper Sr./Shutterstock

Stock of rolled steel sheets stored in warehouse factory. Photo: Skipper Sr./Shutterstock

US President Donald Trump announced that, effective today, the United States will impose a 25% tariff on all steel and aluminum imports, a move that could have far-reaching economic consequences.

👉 Why it matters. Brazil is the second-largest supplier of steel to the US after Canada and accounted for approximately 14% of all steel shipped into the country last year, according to the American Iron and Steel Institute. 

  • The new tariff is expected to deal a significant blow to Brazilian steel producers, as 48% of Brazil’s iron and steel exports in 2024 were destined for the US, according to data from the Brazilian Industry and Trade Ministry.

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