Trump says he will reimpose steel and aluminum tariffs on Brazil and Argentina, opening new trade war fronts

The White House says the two nations are “presiding over a massive devaluation of their currencies. which is not good for our farmers.”

President Trump said he would impose tariffs, effective immediately, on all steel and aluminum shipped into the United States from Brazil and Argentina.

“Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers,” Trump said in Monday morning tweet. He then directed his attention to the Federal Reserve, saying the central bank should “act so that countries,...