New U.S. tariffs on steel and aluminum imports are sending shockwaves through global markets, with Brazil and Vietnam bracing for major impacts. President Trump's 25% tax on these goods, effective March 12, has sparked fears of economic instability and strained trade relationships.
Vietnamese steel and aluminum workers told CGTN Stringer that accessing the U.S. market now feels 'like running into a brick wall.' One worker shared, 'Our products were competitive, but this tariff changes everything.'
In Brazil, entrepreneur Alderir Gutierres criticized the move as a 'direct hit' to decades of WTO-organized trade norms. 'This disrupts supply chains and puts thousands of jobs at risk,' he warned, highlighting Brazil’s reliance on metal exports to the U.S.
With global trade tensions rising, these tariffs are reshaping dynamics in key industries. Could this spark a domino effect? Experts say collaboration—not protectionism—will keep the world’s economic gears turning smoothly.
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How do the U.S. steel and aluminum tariffs affect Brazil and Vietnam
cgtn.com