U.S. President Donald Trump will no longer impose tariffs on steel from Brazil, a reversal from his previous pronouncement of reinstating tariffs on steel products coming from Brazil and Argentina, Reuters reported Dec. 20.

"I had a phone conversation a few moments ago with Donald Trump ... He was convinced by my arguments and decided to tell all Brazilians that our steel and aluminum will not be hit by additional tariffs,” Brazil's President Jair Bolsonaro said in a Facebook video session.

Meanwhile, The New York Times cited Trump's tweet, which suggested that the tariff imposition will not happen as he had a "great call" with Bolsonaro.

"We discussed many subjects including trade. The relationship between the United States and Brazil has never been stronger!," Trump said in a Twitter post.