3Photo© firstpost.comTrump’s metals tariff tweet roils Brazil, Argentina
, 13 news, 0 views
WASHINGTON/RIO DE JANEIRO (Reuters) - The U.S. President on Monday sent shock waves through Brazil and Argentina, announcing he would restore tariffs on U.S. steel and aluminum imports from the two countries in apparent retaliation for currency weakness he said was hurting U.S. farmers.
In an early morning tweet that sent officials from both countries scrambling for explanations from Washington, Donald Trump said Brazil and Argentina were "presiding over a massive devaluation of their currencies."
Both countries have actively been trying to strengthen the real and the peso against the dollar. Their currencies have been buffeted by weakness that analysts partially attribute to Trump's larger trade battle with China.
“ 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 &…
Donald Trump,
Trump’s metals tariff tweet roils Brazil, Argentina
“ Their economy is not comparable with ours, it's many times bigger. I don't see this as retaliation,
Jair Bolsonaro,
Trump’s metals tariff tweet roils Brazil, Argentina
“ Effective immediately, I will restore the Tariffs on all Steel & Aluminium that is shipped into the U.S. from those countries,
Donald Trump,
Trump, citing U.S. farmers’ woes, hits Brazil, Argentina with fresh…
“ I don't see this as retaliation,
Jair Bolsonaro,
Trump, citing U.S. farmers’ woes, hits Brazil, Argentina with fresh…
“ Effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries,
Donald Trump,
Trump, citing U.S. farmers, whacks metal tariffs on Brazil, Argentina