By: Nadeemy Haded
US President Donald Trump said on Monday that his country would impose tariffs on steel and aluminum from Brazil and Argentina.
"Brazil and Argentina have significantly reduced their currencies," he wrote on Twitter, noting that it hurts American farmers. "Immediately and physically, I will return the duties on steel and aluminum to the United States from these two countries."
Trump called on the US Federal Reserve to “act in the same way” so that “other countries are not using our strong dollar to further cut.”
In their currencies. "
Last year, Trump announced a 25 percent tariff on steel and 10 percent on aluminum imports from all over the world, but in March he agreed to remove Brazil and Argentina from the list as well as previously listed countries.
Trump said in a subsequent tweet that US markets "rose to as much as 21 percent" after his decision.
However, the US steel sector continues to suffer from a decline in total employment, and production in smelting furnaces stopped last month.