Donald Trump tweets about tariffs for Brazil and ArPresident Trump’s ‘America First’ approach has relied on slapping tariffs on countries, such as China and Mexico, What is a tariff and how do they work? We explain.
WASHINGTON Just before heading overseas, President Donald Trump said Monday he is hitting Brazil and Argentina with steel and aluminum tariffs, and took another poke at the U.S. Federal Reserve in the process.
In an early morning set of tweets, Trump said he is restoring steel and aluminum tariffs because both Brazil and Argentina “have been presiding over a massive devaluation of their currencies,” and that “is not good for our farmers.”
The U.S. Fed, meanwhile, should lower interest rates “so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies,” Trump said. “This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen – Fed!”
The president sent the tariff tweets around 6 a.m., less than four hours before departing for a NATO meeting in London.