President Trump says the US will 'restore' steel and aluminum tariffs on Brazil and Argentina after exempting the countries last year to avoid a trade war
President Donald Trump announced Monday that the US will"restore" steel and aluminum tariffs on Brazil and Argentina, citing a"massive devaluation of their currencies."
"Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries," Trump tweeted early Monday morning from Washington.Formal notices of the tariffs were not immediately announced by the Treasury or Commerce Departments or the Office of the US Trade Representative.
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Trump Revives Brazil, Argentina Steel Tariffs, Swipes at Fed(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump is reinstating tariffs on steel and aluminum from Argentina and Brazil, nations he criticized for cheapening their currencies to the detriment of U.S. farmers, and
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Trump reinstates tariffs on steel and aluminum from Brazil and ArgentinaPresident Trump reinstates tariffs on steel and aluminum from Brazil and Argentina, citing the negative impact of currency devaluation in those countries on American farmers
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Trump announces restored tariffs on Argentina, BrazilPresident Trump announced this morning that he would reinstate tariffs on aluminum and steel imports from Argentina and Brazil
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Trump Reimposes Metal Tariffs On Brazil And Argentina For ‘Devaluing Their Currencies’He also called on the Federal Reserve to further cut interest rates.
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