Trump’s Tariff Mettle To Be Tested By Brazil, Argentina Steel Action

Argentina 49 Brazil 332 Materials - Metals/Mining 616 Metals - Aluminum 191 Metals - Steel 428 Tariffs 1614 U.S. 4478

President Trump has announced plans to apply tariffs of 25% to steel exports and 10% to aluminum exports from Brazil and Argentina. The President is using the section 232 “national security” process in response to “a massive devaluation of their currencies” and its impact on U.S. farmers. The move is unlikely to be sustainable from a legal perspective. The U.S. Court of International Trade already ruled, in relation to similar tariffs on Turkish exports, that it’s too late to change the tariffs which were applied to other countries in Mar. 2018. The focus on farmers and currencies may al...

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