Brazil's Finance Minister Fernando Haddad said on Wednesday that the South American country would not immediately retaliate against tariffs imposed by the United States on steel and aluminum imports,

Brazil’s Finance Minister, Fernando Haddad, said on Wednesday that his country would not immediately retaliate against tariffs imposed by the United States on steel and aluminium imports, opting instead to seek negotiations.

While Trump’s tariffs could help steel and aluminum plants in the U.S., they could raise prices for the manufacturers that use the metals as raw materials.

U.S. aluminum consumption was from imports and 13% of steel use was from imported steel - would tariffs change that?

Australian Prime Minister Anthony Albanese says U.S. tariffs on Australian steel and aluminum are unjustified, but his government will not retaliate with its own tariffs