⁍ The White House announced that it was re-imposing import quotas on certain Brazilian steel products.
⁍ In Brazil’s Saturday statement, the foreign ministry acknowledged the decision.
⁍ It added that dialogue over the matter would resume in December.
– President Trump announced late Friday that he was re-imposing import quotas on certain Brazilian steel products as domestic producers deal with a slumping market, Reuters reports. In a statement, the White House said it was re-imposing the import quotas “to ensure a level playing field for US producers and to ensure a level playing field for Brazil’s producers.” The White House said it was re-imposing the quotas “to ensure a level playing field for US producers and to ensure a level playing field for Brazil’s producers.” Brazil’s foreign ministry acknowledged the decision in a statement Saturday that said 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 statement said.
Source: https://www.reuters.com/article/us-brazil-us-steel/brazil-says-is-confident-us-steel-quota-to-be-lifted-in-time-idUSKBN25Q007