Trump Announces Cut to 2020 Steel Import Quota From Brazil
- Trump cites U.S. market in curbing imports through December
- The countries will hold new talks in December on next steps
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President Donald Trump is cutting the cap on allowable steel shipments from Brazil, citing a slump in the U.S. market.
In a proclamation issued late Friday, Trump amended a previous decision under the so-called Section 232 national security powers to lower the cap on allowable imports. The limits were set in 2018 as part of a deal between the nations to avoid tariffs that Trump applied to other countries.