AFP, RIO DE JANEIROUS President Donald Trump on Monday announced plans to re-impose tariffs on steel and aluminum from Brazil and Argentina, hitting back at what he called their “unfair” policies. “Brazil and Argentina have been presiding over a massive devaluation of their currencies,” which is hurting US 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,” he said. Trump last year announced global tariffs of 25 percent on steel and 10 percent on aluminum, but later approved exemptions for some countries, including Argentina and Brazil — after they agreed to quotas. The Brazil Steel Institute said that it was perplexed by the decision.

Source: Taipei Times December 03, 2019 15:56 UTC