U.S. President Donald Trump said he would impose tariffs on Argentina and Brazil, accusing those countries of hurting American farmers through currency manipulation.
Trump tweeted Monday that he would place tariffs on steel and aluminum imports from the two South American countries, surprising officials there.
œBrazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries, he wrote.
The two South American countries were among a group of nations that Trump had exempted from these tariffs in March 2018, after they agreed to quotas.
Brazil's government said in a statement it was already in discussions with Washington. President Jair Bolsonaro, who has expressed strong support for Trump, said in a local radio interview Monday that he would call Trump and that he believed the U.S. president would listen to Brazil™s concerns.
Argentina™s production minister, Dante Sica, called Trump's announcement "unexpected" and said he would seek talks with U.S. officials.
Argentina and Brazil have benefited from the U.S. trade war with China, by increasing exports of agricultural goods to China.
Source : VOA
Hong Kong police say they defused two large homemade bombs packed with nails on a college campus. Police say bomb disposal officers rushed to Wah Yan College in Wanchai district Tuesday after a...
News reports say House Democrats and the White House are close to agreeing on changes to a trade deal that the United States, Canada and Mexico signed last year but have not ratified. The United Stat...
North Korea addressed new insults to U.S. President Donald Trump Monday, calling him a "heedless and erratic old man." Pyongyang was responding to a Trump tweet saying that œKim Jong Un is too smar...
The World Anti-Doping Agency's (WADA) executive committee has sent a "robust" rebuke of Russia's sports authorities, banning the country's athletes and officials from the Olympics and world championsh...
The United States and the Taliban restarted peace negotiations Saturday, three months after President Donald Trump abruptly stopped the yearlong process aimed at finding a political settlement with th...
Hong Kong stocks closed Tuesday with fresh losses as traders grow increasingly wary about the lack of news on the China-US tariffs talks with a deadline for fresh measures against Beijing just days away. The Hang Seng index fell 0.22 percent, or...
Stocks close lower as tariffs remain on the table U.S. stocks closed slightly lower on Tuesday as investors digested mixed messages on progress toward a partial U.S.-China trade deal before a Dec. 15 deadline for a further increase in China...
Oil prices inched up on Tuesday as OPEC™s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. Brent crude was up 7 cents to...
Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the...
Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...
The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday.
Rachel Rojas, special...
Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings.
Spot gold edged 0.2% higher to...