Economy

Eugene

(61,872 posts) Mon Dec 2, 2019, 08:05 PM Dec 2019

Trump to 'restore' tariffs on steel from Brazil and Argentina

Source: BBC

Trump to 'restore' tariffs on steel from Brazil and Argentina

2 December 2019

US President Donald Trump has said he will place tariffs on steel and aluminium imports from Brazil and Argentina.

He justified the move saying those countries' weak currencies had made it harder for US food exports to compete.

"Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not good for our farmers," Mr Trump said.

Brazil's President Jair Bolsonaro said he would seek talks with Mr Trump.

"Their economy is not comparable with ours, it's many times bigger. I don't see this as retaliation," Mr Bolsonaro said in a radio interview with Brazil's Radio Itatiaia.

-snip-

1 replies

= new reply since forum marked as read

Highlight:

Trump to 'restore' tariffs on steel from Brazil and Argentina (Original Post) Eugene Dec 2019 OP

Last year, the U.S. had a $5 billion surplus w/ Argentina, and a $8.5 billion surplus w/ Brazil sandensea Dec 2019 #1

sandensea

(21,624 posts)

1. Last year, the U.S. had a $5 billion surplus w/ Argentina, and a $8.5 billion surplus w/ Brazil

Reply to Eugene (Original post)

Mon Dec 2, 2019, 10:56 PM

Dec 2019

Two of a relatively few countries the U.S routinely has trade surpluses with.

Not that he knew this, or cares. Someone at Alcoa or U.S. Steel must've handed him a bribe - and that's all he needed to know.

Reply to this discussion