Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO said on Thursday, as tariffs implemented by President Donald Trump shake up global trade.
Nubank expects to announce its latest market after Brazil, Mexico and Colombia by the end of this year, Jorg Friedemann, Nubank's director of investor relations, told Reuters in an interview.
Brazil and Mexico, two top steel exporters to the U.S., are waiting to see if President Donald Trump announces new 25% tariffs on steel and aluminum imports before reacting. If implemented, the tariffs would mark
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Gerdau announced last year it was considering installing a new special steel mill in Mexico, which would have ... about 4 million tons per year. Gerdau, Brazil's largest steelmaker by market ...