Adds quotes, Fed background
Adds quotes, Fed background
Dec 2 (Reuters) – U.S. President Donald Trump mentioned on Monday that he’ll instantly restore tariffs on U.S. metal and aluminum imports from Brazil and Argentina.
“Brazil and Argentina have been presiding over a large devaluation of their currencies, which isn’t good for our farmers. Due to this fact, efficient instantly, I’ll restore the Tariffs on all Metal & Aluminum that’s shipped into the U.S. from these international locations,” Trump mentioned in a tweet.
Trump additionally urged the Federal Reserve to stop international locations from gaining an financial benefit by devaluing their currencies.
“The Federal Reserve ought to likewise act in order that international locations, of which there are numerous, not benefit from our sturdy greenback,” Trump tweeted
“Decrease Charges & Loosen – Fed!”, he mentioned.
Trump has repeatedly urged the Fed to decrease charges to under zero, arguing that adverse charges in…