Currency Depreciations: Tariffs and Brazil Argentina

currency depreciations: Xinhua/Bilal Jawich It seems that US President Donald Trump couldn't wait to open new battlefronts in the global trade war in an aim to lift the country's slowing economy, according to Global Times China. Trump tweeted on Monday that he would restore steel and aluminum tariffs on Brazil and Argentina due to their currency depreciations. The festival was held from Oct. 3 to 6, attracting many wine dealers and wine lovers. The same day also saw the administration threaten tariffs as high as 100 percent on up to 2.4 billion worth of French products as a retaliation against France's digital tax. Using tariffs as a weapon is a terrible way to achieve any trade or political goal. The president may sincerely think that waving a tariff stick can win more benefits for American people, but he is likely to inflict more damage on the US economy in the process of destabilizing the system of global trade. (news.financializer.com). As reported in the news.