President Trump says the US will 'restore' steel and aluminum tariffs on Brazil and Argentina after exempting the countries last year to avoid a trade war
President Donald Trump announced Monday that the US will"restore" steel and aluminum tariffs on Brazil and Argentina, citing a"massive devaluation of their currencies."
"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 & Aluminum that is shipped into the U.S. from those countries," Trump tweeted early Monday morning from Washington.Formal notices of the tariffs were not immediately announced by the Treasury or Commerce Departments or the Office of the US Trade Representative.
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