WASHINGTON, Dec 2 (Reuters) - President Donald Trump launched a clutch of protectionist commerce ac
WASHINGTON, Dec 2 (Reuters) – President Donald Trump launched a clutch of protectionist commerce actions on Monday aimed toward long-time U.S. allies, together with some international locations which were near the Trump administration.
The president started by announcing tariffs on metal from Brazil and Argentina in a tweet, citing U.S. farmers who he mentioned had been being harm by a “huge devaluation” of these international locations’ currencies. Brazil and Argentina are each large exporters of agricultural merchandise.
Chinese language corporations have slashed their purchases of U.S. farm items since the USA began its commerce warfare with China 17 months in the past. Each Brazil and Argentina have been making an attempt to strengthen their currencies, regardless of Trump’s declare.
An Argentinian minister referred to as the tariffs “surprising.” Brazil’s principal metal foyer mentioned it was “perplexed.” The transfer might drive Brazil to tighter commerce ties with China, analysts mentioned.
Then the USA Commerce Consultant said it would review mountaineering tariffs on…