Trump to hit Brazil and Argentina with steel and aluminium tariffs

Donald Trump is to reimpose tariffs on imports of steel and aluminium from Brazil and Argentina after accusing the countries of a “massive devaluation” of their currencies that hurt US farmers. Mr Trump originally announced the 25 per cent metals tariffs on national security grounds last year, but then exempted some US allies following lobbying from free-trade advocates on Capitol Hill.

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Source: FT