U.S. won’t levy threatened tariffs on Brazil steel, Trump told Bolsonaro

SAO PAULO (Reuters) – Brazilian President Jair Bolsonaro said on Friday that U.S. President Donald Trump told him in a phone conversation that his administration will not new tariffs on Brazilian steel and aluminum as threatened earlier this month.

“I had a phone conversation a few moments ago with Donald Trump. … He was convinced by my arguments and decided to tell all Brazilians that our steel and aluminum will not be hit by additional tariffs,” Bolsonaro said during a Facebook live video session.

A U.S.-based source familiar with the call confirmed Friday afternoon that Trump had told the Brazilian president the tariffs would not be levied.

Trump announced the tariffs on and Argentina in a tweet on Dec. 2, accusing the two countries of devaluating their currencies which hurt U.S. farmers.

(Reporting by Eduardo Simoes; Editing by Christian Plumb and Leslie Adler)

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