Brazil Sees Quotas as ‘Good Solution’ to Trump’s Steel Tariffs

Brazil sees trade quotas as a potential alternative to U.S. tariffs on steel and aluminum and is open to discussions with Donald Trump’s administration, Vice President Geraldo Alckmin said on February 12.

President Luiz Inacio Lula da Silva’s government has not yet discussed the issue with the Trump administration since the U.S. leader ordered 25% tariffs on imports of the metals February 11. But quotas that limit the amount of steel Brazil exports to the U.S. each year proved a “good solution” during past tr…