US President Donald Trump on Monday said he will reimpose punitive tariffs on import of steel and aluminum from Argentina and Brazil, accusing the two countries of devaluating their currencies.
"Brazil and Argentina have been presiding over a massive devaluation of their currencies", which is not good for farmers," Trump said.
"Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the US from those countries."
Disclaimer: No Business Standard Journalist was involved in creation of this content