steel aluminum: 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, according to CNN. He also called on the Federal Reserve to act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Formal notices of the tariffs were not immediately announced by the Treasury or Commerce Departments or the Office of the US Trade Representative. Brazil's President, Jair Bolsonaro, said Monday that he has an open channel of communication with Trump, according to state news agency Agencia Brasil. Both Brazil and Argentina were exempted from 25% steel and 10% aluminum tariffs last year when Trump was attempting to avoid a trade war with those countries.
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Tagged under steel aluminum, countries topics.