Global Trade Alert Message:
President Trump has accused Brazil, Argentina, and France of economic actions that he believes disadvantage U.S. companies and American farmers. The President announced Monday that the U.S. will be reimposing steel and aluminum tariffs on these three countries, opening new trade war fronts.
The President also stated that the Federal Reserve should, “act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies.” Compared to the U.S. dollar, Brazilian currency has fallen about 8% this year and Argentinian currency has lost 37% of its value.
Read the full article on the Washington Post: www.washingtonpost.com/trump-tariffs-steel-aluminum