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.

Major trade partners swiftly hit back at President Donald Trump’s increased tariffs on aluminum and steel imports.

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,

President Donald Trump's tariffs on steel and aluminum imports spark retaliatory measures from Canada and the European Union, impacting U.S. businesses and consumers.