The U.S. President on Monday sent shock waves through Brazil and Argentina, announcing he would restore tariffs on U.S. steel and aluminum imports from the two countries in apparent retaliation for currency weakness he said was hurting U.S. farmers.
Tariffs against the countries were implemented in March 2018 but they were removed about five months later.
But Argentina and Brazil are not happy with the devaluation and both central banks have been intervening to prop up the sliding currencies.
In a tweet posted just after 6 a.m., Trump said the countries have been "presiding over a massive devaluation of their currencies" which he says is bad for American farmers.
Last year, after having accused the two South American countries of weakening their currencies to get an unfair advantage, the USA president imposed a 25 percent tariff on steel and a 10 percent duty on aluminum.
Priyam Garg of Uttar Pradesh to lead India
A total of 16 teams are going to particpate in the tournament with four teams clubbed in one group. Besides UP, Mumbai will also have three of its promising cricketers in the squad .
Argentina is mired in an economic crisis with rampant inflation, deep indebtedness, widespread poverty and a currency that has plunged under the leadership of President Mauricio Macri, who came to power in 2015 with promises to boost South America's second-largest economy. Macri lost his re-election bid in October and will leave office on December 10. The country has been in the grip of a recession for over a year, with the peso in a downward spiral.
Jair Bolsonaro, the Brazilian president, a Right-wing populist seen as a Trump ally, said he hoped the president. The year on year growth in Brazil is 1.01% in the 2Q of 2019.
"This is an unfair relationship". Additionally, Argentina's Foreign Ministry said it will begin negotiations with the U.S. State Department.
Speaking at a business forum, Vice President Hamilton Mourão denied Brazil was manipulating its currency and also said the country should discuss investment projects with China - a relationship initially shunned by the Bolsonaro administration that has lately grown warmer.
Representatives for the Office of the US Trade Representative could not be reached for comment by Reuters News Agency.
As of 12:30pm on Sunday, more than 500 flights were cancelled across the country, according to flight tracking site FlightAware. During Thanksgiving, it moved east and is now expected to bring up to 12 inches of snow to parts of the Great Lakes region.
The reinstatement of tariffs will boost USA steel prices, benefiting domestic producers, while hurting manufacturers in Brazil. But it also signaled that it planned no further interest rate cuts absent clear evidence of a worsening USA economic outlook.
At a weekly cabinet meeting on Sunday, Netanyahu promised 40 million shekels ($ 11.5 million) to improve the safety of settlers. The city is holy to both Muslims and Jews and is a flashpoint for clashes between Palestinians and Israeli settlers.
Nicole Scherzinger , Jessica Sutta , Kimberly Wyatt , Ashley Roberts , and Carmit Bachar are the original members of the dolls. Noticeably absent was Melody Thornton , who recently released her solo single " Love Will Return ".
Asian markets advanced Monday after a couple of economic reports showed some signs of promise for China's manufacturing sector. Elsewhere in Asia, the in Japan added 0.97 percent to close at 21,713.21 as shares of index heavyweight soared 5.44 percent.
According to a new report from DigiTimes , Apple is looking to bundle its truly-wireless earbuds with the iPhone 12 next year. A number of network providers now offer AirPods in bundle deals when you buy an iPhone, although no others do so for free.
Un teaser de trailer pour le nouveau James Bond
Un premier teaser de Mourir Peut Attendre vient d'être dévoilé en amont d'une véritable bande-annonce annoncée pour mercredi. Quant au prochain 007, il est toujours prévu pour avril 2020.