Politics: Trump to 'restore' steel and aluminum tariffs on Brazil and Argentina - - PressFrom - US
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Politics Trump to 'restore' steel and aluminum tariffs on Brazil and Argentina

15:50  02 december  2019
15:50  02 december  2019 Source:   cnn.com

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“ Brazil and Argentina have been presiding over a massive devaluation of their currencies which is not good for our farmers,” Trump tweeted, adding: “Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the US from those countries.”

President Trump said on Monday that he would reinstate tariffs on steel and aluminum from Brazil and Argentina , accusing the two countries of artificially weakening “There, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.”

Donald Trump wearing a suit and tie: US President Donald Trump gestures as he speaks during a © Saul Loeb/AFP/Getty Images US President Donald Trump gestures as he speaks during a "Keep America Great" rally at Sudduth Coliseum at the Lake Charles Civic Center in Lake Charles, Louisiana, on October 11, 2019.

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.

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President Trump announced tariffs on Monday morning, effective immediately, on all steel and aluminum shipped into the United States from Brazil “ Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers,” Trump tweeted.

“ Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not good for our farmers,” he said in an early morning tweet. He also touted the economic boom since imposing sweeping tariffs on steel and aluminum imports last year.

Formal notices of the tariffs were not immediately announced by the Treasury or Commerce Departments or the Office of the US Trade Representative.

Trump has prided himself on imposing tariffs and hammering trade deals to bolster his "America First" economic agenda. But the biggest deal at the center of the trade war, a US-China trade agreement, has yet to be signed. Additional tariffs on Chinese imports are expected to go into effect on December 15.

Both Brazil and Argentina were exempted from 25% steel and aluminum tariffs last year when Trump was attempting to avoid a trade war with those countries.

The President, in a series of tweets announcing the tariffs on Monday, 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."

China says trade envoys agree on phone to continue talks .
The world's two largest economies have agreed to talks toward a preliminary deal to resolve the tariff warIn a brief notice, the ministry said that Vice Premier Liu He and other senior officials spoke by phone with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

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