Time Magazine International Edition

Another round of tariffs shakes the economy, again

HE TRUMP administration went on offense again this month on a number of international trade disputes. On Dec. 2, the U.S. President tweeted his intention to impose new tariffs on steel and aluminum imports from Argentina and Brazil to retaliate against a “massive devaluation of their currencies, which is not good for our farmers.” The tariffs will hit both countries where it hurts since Brazil is one of the largest steel suppliers

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