Devaluation of the Brazilian real and the Argentine peso resulted in new tariffs on metal imports
All is fair in war. China, insisting on cancellation of all existing tariffs, may have forgotten that it is dealing with a madman, who can restore them any time, but Donald Trump has reminded Beijing about this. He has restored the tariffs on metal imports from Brazil and Argentina, claiming about a massive devaluation of their currencies, which is not good for the US farmers. However, neither of the countries is included in the US Treasury list of currency manipulators. The US president does…
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