Haddad said the government will wait for concrete measures before setting retaliatory tariffs on the U.S., Haddad will meet with leaders to discuss the economic agenda, and the pace in Congress should pick up after Carnaval

BRAZIL POLITICS - Report 11 Feb 2025 by Murillo de Aragão and Cristiano Noronha

Yesterday, Finance Minister Fernando Haddad commented on Donald Trump’s announcement to impose 25% tariffs on steel and aluminum imports, stating that the Brazilian government has decided to wait for concrete measures before making any official response. Today, Fernando Haddad will meet with Senate President Davi Alcolumbre (União-AP), Minister of Institutional Relations Alexandre Padilha, and party leaders in the Senate to discuss the government’s priority economic agenda. Although some of these proposals are already under congressional review, no progress is expected before Carnaval. Until then, the priority is resolving the budget issue.

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