Trump restores tariffs on steel from Brazil and Argentina

Global shares tick up on upbeat China factory reports trade talk hopes

"Lower Rates & Loosen - Fed!"

Both countries, especially Brazil, have been seen as American allies during the Trump presidency. "Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the US from those countries", Trump tweeted early Monday morning from Washington.

Mr Trump accused Argentina and Brazil of "presiding over a massive devaluation" - with exports of both countries being now cheaper and more competitive due to the weak currency.

Inflation has risen in Argentina and its currency value has depreciated under President Mauricio Macri, who took office in 2015. The country has been in the grip of a recession for over a year, with the peso in a downward spiral.

Jair Bolsonaro was sworn in as the country's president in January. The year on year growth in Brazil is 1.01% in the 2Q of 2019.

DN Test: Pakistan on verge of series defeat against Australia
Australia's victory came on the back of their mammoth 589 for three declared, driven by David Warner's memorable 335 not out. The very next ball Starc grabbed his sixth, with Shaheen Afridi plumb LBW before Abbas fended off the hat-trick ball.

At its most recent meeting, in October, the Federal Reserve cut short-term interest rates for a third time this year to try to support the USA economy.

He has also urged the US Central Bank to cut interest rates to weaken the dollar.

"U.S. Markets are up as much as 21% since the announcement of Tariffs on 3/1/2018 - and the U.S.is taking in massive amounts of money (and giving some to our farmers, who have been targeted by China)!" Trump falsely claims China is paying the USA billions and billions of dollars in tariffs.

After a brief spike in steel prices, USA steel producers have struggled since the Trump administration put tariffs into place a year ago. Fed officials believe that the USA economy should grow around 1.8 percent a year, near its current pace, while Trump believes the US economy should be growing much faster.

Related News:

03 December 2019

Sony PS4 Christmas sale begins - over 600 games up to 79% off
It features a 500GB PlayStation 4 Slim and comes with Uncharted 4, Horizon Zero Dawn , and The Last of Us Remastered. Each year, Black Friday and Cyber Monday are loaded with great deals on consoles, games, and accessories.

03 December 2019

Hong Kong announces new commission to address ongoing protests
As Breitbart News reported , some draped themselves in US flags and expressed gratitude for the Trump administration's support. The two earlier marches yesterday appealed to US President Donald Trump for help and demanded that police stop using tear gas.

02 December 2019

China factory activity unexpectedly returns to growth after 6 months
Total new orders bounced back to expansionary territory with the sub-index rose to 51.3, the highest level seen since April. But the latest report also says the manufacturing sector is still facing downward pressure.
03 December 2019

Pakistan rue not being better prepared for Australia conditions
Pakistan is desperate for Australia's Test cricketers to end their two-decade absence from the country, captain Azhar Ali says. Australia's victory came on the back of their mammoth 589 for three declared, driven by David Warner's memorable 335 not out.

03 December 2019

Facebook's Irish users to trial data transfer service
In a blog post announcing the Google Photo tool , which has taken a year to build, Facebook said it had considered security risks. The move is a win for advocates who have long complained that Facebook tries to lock user data into its platform.

03 December 2019

No Time To Die Teaser: Get Ready for the New Trailer
This is all before Ana De Armas is shown wielding a pair of weapons before James Bond takes on an incredible stunt. Directed by Cary Fukunaga ( True Detective , Beasts of No Nation ), No Time to Die hits cinemas in April 2020.
03 December 2019

Chiefs dominate Raiders, take control of AFC West
Kansas City's defense swarmed Derek Carr , forcing two first-half interceptions - one of which was returned for a touchdown. Oakland was held to just three points until finally scoring its first touchdown of the game with under a minute left.

02 December 2019

Town braces for first winter storm
All roads in and out of Casper were closed Saturday morning, including the entire 300 mile stretch of Interstate 25 in Wyoming. The high temperature on Sunday will be about 31 degrees with a low of 30 on Sunday night and a high of 31 on Monday.

02 December 2019

'Frozen 2' Dominates Thanksgiving Day, 'Knives' Sharp
Over 50% of opening weekend crowds were African America, while 24% were Caucasian, 15% were Hispanic and 3% were Asian. The whodunnit is one of the best holiday box office performances in quite some time for a live-action original movie.
03 December 2019

Link Heads to Super Mario Maker 2 Game in New Update!
If a bunch of players get the Master Sword at once, you get a Four Swords-style situation with a colorful group of Links. During the event, players will be ranked by their play time in that course and can collect new stamps and Mii costumes.

03 December 2019

Luka Doncic leads the Dallas Mavericks over the Lakers in LA
Despite a tough home loss where they couldn't play well defensively, it appears both superstars are ready to move on and refocus. Join these TV discussions on our forum! Doncic averaged 32.4 points, 10.3 rebounds and 10.4 assists in 15 games over November.

03 December 2019

If The Queen retires, who should succeed her — Sunday Panel
He later said he deeply sympathised with sex offender Epstein's victims and everyone who "wants some form of closure". Earlier the Met Police defended its decision not to probe a trafficking claim by Ms Giuffre against Epstein.