US re-imposes steel, aluminum tariffs on Brazil, ArgentinaBrazil's President Jair Bolsonaro (right) says he has a direct line to US President Donald Trump -- which he may need if Washington reimposes tariffs on his country's steel and aluminum industries. "Brazil and Argentina have been presiding over a massive devaluation of their currencies," which is hurting American farmers, Trump said on Twitter. "Effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the US from those countries." With Argentina's "lack of competitiveness" as a producer, the fact that the United States had the lowest steel and aluminum tariffs was "beneficial," Urtubey said. American steel has continued to suffer, with overall employment edging downward and production halted at blast furnaces last month.

Source: Bangkok Post December 03, 2019 02:37 UTC