Trump slaps metal tariffs on Brazil, Argentina to "help" U.S. farmers
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Latest News at: https://sgtalk.org/mybb/Thread-Trump-say...pid3782692


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Trump says he will restore tariffs on Brazil, Argentina metal imports

BUSINESS NEWS DECEMBER 2, 2019 / 7:21 PM / UPDATED 27 MINUTES AGO


(Reuters) - U.S. President Donald Trump said in tweet on Monday that he will immediately restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina.
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#2
2 more paragraphs at Reuters: https://www.reuters.com/article/us-usa-t...Y614O?il=0
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#3
Trump slaps metal tariffs on Brazil, Argentina to "help" U.S. farmers


BUSINESS NEWS DECEMBER 2, 2019 / 7:21 PM / UPDATED AN HOUR AGO

Andrea Shalal, Gabriel Stargardter


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Trump said the tariffs, “effective immediately,” were necessary because “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers.”

In fact, the opposite is true: Both countries have actively been trying to strengthen their respective currencies against the dollar. Analysts said the origin of Trump’s decision may lie in the domestic political consequences of his China trade war.

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“For many Brazilians, this smells like revenge for their country’s soybean farmers bonanza – they have benefited enormously from the U.S.-China trade war by replacing U.S. soybeans sales into China,” said Kim Catechis, head of investment strategy at Martin Currie.


Much more info at Reuters: https://www.reuters.com/article/us-usa-t...Y614O?il=0
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#4
Twisted Facts.

Trump says the 2 countries devalue their currencies (thereby hitting US farmers).

Trump raise tariff to hit the where it should hurt the 2 countries most (metal export)
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#5
Interesting! Trump is addicted to tariffs!
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#6
[Image: iqHWIK7.png]
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#7
burntx Watch out for Latin’s America currency exchange rate....

Super high, super fast & super panicky devaluation of their currency....

In 2018 Dec, S$1 to Venezuela is ~50
Today 2019 Dec, S$1 to Venezuela is ~2850

Lau Sai.....0
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#8
3-12-2019 9:34 AM
Mark Koh said:
burntx Watch out for Latin’s America currency exchange rate....

Super high, super fast & super panicky devaluation of their currency....

In 2018 Dec, S$1 to Venezuela is ~50
Today 2019 Dec, S$1 to Venezuela is ~2850

Lau Sai.....0

Venezuela is a different case at the moment compared to the other Latin American countries. Kenna targeted by USA and other Latin America countries.
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