Trump slaps metal tariffs on Brazil, Argentina

Trump slaps metal tariffs on Brazil, Argentina

United States President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminium imports from the two countries in a measure that shocked South American officials and left them scrambling for answers.

In an early-morning tweet, Trump said the tariffs, “effective immediately,” were necessary because “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers.”

In fact, the opposite is true: Both countries have actively been trying to strengthen their respective currencies against the dollar.

Continue reading Trump slaps metal tariffs on Brazil, Argentina at Vanguard News.

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