President Trump celebrated Cyber Monday by going online to renege on a trade deal. The South Americans dutifully limited their shipments; President Trump just tweeted the reimposition of 25% tariffs. President Trump has long shown disdain for trade deals that were struck by his predecessors, such as NAFTA or the WTO. This is the second major instance this year in which President Trump has blatantly disregarded a trade deal struck on his watch. Now, there is the reversal of the South American steel deal, also because a new issue has aggravated the President.

Source: Forbes December 02, 2019 22:07 UTC