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

02 Décembre, 2019, 20:53 | Auteur: Anatole Charbonneau
  • Global stocks tick up on upbeat China factory reports trade talk hopes

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 .

Asian stocks rise after China factory activity improves
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.

The Pussycat Dolls Reunite for First Performance in almost 10 Years
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 ".

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.

Conseillé:



Populaire

Colts' playoff hopes barely holding on after fourth-quarter meltdown
Rookie defensive end Ben Banogu continues to see limited snaps as a pass rusher, playing just 18% on Sunday against the Titans. We can't let that define the game. "We knew it was going to be a physical matchup, and glad we were able to get the win".

Doctor Who will welcome New Year's Day with its Season 12 premiere
Will there be a special Doctor Who episode this holiday season? The series is a BBC AMERICA co-production with BBC Studios. Following the New Year's Day extravaganza, the 10-part series will return to its usual Sunday night timeslot.

Darren Bent makes bold claim about Mourinho effect on Tottenham star
The Argentine has also been linked with a move to Bayern Munich, where he is greatly admired following his work at Spurs. Hansi Flick is now in charge of first-team affairs but his inexperience could prompt them to consider Pochettino.

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.

Trump says he will restore tariffs on Brazil, Argentina ‘immediately’
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.

Texans quarterback Deshaun Watson impresses in primetime again, tops Patriots
Brady might not have the weapons, but he's surely looking like a detriment to the Pats' hopes of repeating as champs . Entering the day, the Patriots had allowed four passing touchdowns all season and had forced 15 interceptions.

Disney+ Cyber Monday Deal: Get One Year for Only $59.99
If you are interested in grabbing this Disney Plus Cyber Monday deal , you'll have to do so fast. Forget home goods, accessories, clothing, and gifts.

La reconnaissance faciale pour l'achat d'un nouveau smartphone en Chine
Évidemment, cette nouvelle mesure portant sur la reconnaissance faciale soulève de nouvelles interrogations. Le site Weibo a, lui aussi, l'obligation d'enregistrer l'identité réelle de ses utilisateurs depuis 2012.

Alia Bhatt Sobs Inconsolably, Voices Guilt About Not Understanding Sister Shaheen’s Depression
The event was We The Women where these two sisters were the guests and they had to talk about the challenges they face. Alia Bhatt has always been supportive of her sister Shaheen Bhatt . "I am suddenly feeling very nervous".

Root's epic 226 gives England 101-run lead over Black Caps
Sam Curran (1-26) and Chris Woakes (1-8) removed Jeet Raval (0) and Tom Latham (18) respectively to give England hope of an unlikely victory.