"We know there will be elections next year [in the United States]. This is part of the political strategy. But we are great partners. We believe that we can resolve this issue. That is why I do not think it will affect our relationship. We can negotiate," Bolsonaro said, as quoted by El Periodico news outlet.
The president noted that he had already discussed the issue with the economy minister, Paulo Guedes, who, in turn, contacted the US Embassy in Brazil to address the situation.
On Monday, US President Donald Trump said that Washington would restore tariffs on imported Brazilian and Argentinian steel and aluminium, accusing the two countries of devaluing their currencies, a policy that has hit US farmers hard.
In March 2018, Washington announced tariffs of 10 per cent on aluminium imports and 25 per cent on steel imports. Brazil, as well as the European Union, Canada, Mexico, Australia, Argentina, and South Korea, were granted temporary exemptions.