Pres. Trump claims Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate.
The Associated PressBrazilian President Jair Bolsonaro’s U.S.-focused foreign policy efforts suffered a severe setback on Monday when his American counterpartTrump initially leveled the threat by Twitter while accusing Brazil and neighboring Argentina, governed by U.S. allies Bolsonaro and Mauricio Macri, of manipulating their currencies and hurting American farmers.
He also called on America’s central bank to act to prevent other countries from devaluing their currencies. In exchange, he received tepid U.S. support for Brazil’s bid to enter the Organization for Economic Cooperation and Development, while Argentina has received full endorsement for membership. “This is an unfair relationship. Brazil is making gesture after gesture to support the U.S. in international forums, but the U.S. is not doing the same,” Barbosa said.
“This was an unexpected topic, there was no signal toward our government, nor toward that of Brazil, nor the private sector, with respect to the changes,” Argentina’s Sica told reporters in Buenos Aires.
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