Brazil steelmakers lobby group says US 25% tariffs on steel will benefit neither country

SAO PAULO (Reuters) – Brazilian steelmakers lobby group Aco Brasil said on Tuesday that it was “surprised” by the 25% tariffs imposed by the U.S. on steel, aluminum imports, adding that such measure would not benefit either of the countries.

Aco Brasil added in a statement that the earlier agreement between Brazil and the U.S. was favorable, and that the group and would open conversations to resume steel trade in previous terms.

(Reporting by Alberto Alerigi and Andre Romani; Writing by Isabel Teles)