Brazil's Finance Minister said on Wednesday that the country would not immediately retaliate against tariffs imposed by the United States on steel and aluminum imports, instead seeking talks, with the government noting it will consider all actions.

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.

Finance Minister Fernando Haddad said that President Lula’s decision at first is to negotiate and not retaliate against the 25% tax imposed by the US on steel and aluminum, which directly affects Brazilian exports.

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,