Brazil's Vice President Geraldo Alckmin on Wednesday called for "caution" and said the South American country would seek dialogue with the United States after President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports.

By bne intellinews Brazil will pursue negotiations rather than confrontation with the US over President Donald Trump's decision to impose 25% tariffs on steel and aluminium imports, as officials and industry leaders coordinate their response before the measures take effect in March.

"The change in the current trade scheme for aluminium and steel would be detrimental to the productive fabric in aggregate terms," the lobby said in its note, adding that Spain's total cast iron and steel exports to the U.S. reached 944 million euros ($977 million) in 2023.

Japan industry minister Yoji Muto said on Wednesday the nation has requested that the United States exempt Japan from steel and aluminium tariffs.