Acting United States President Donald J. Trump just imposed some new metal tariffs against the South American nations of Brazil and Argentina.
Trump told reporters that currency weakness in both countries was hurting U.S. farmers, and announced retaliatory tariffs on U.S. steel and aluminum imports.
"Effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries," Mister Brain Worms tweeted early today.
Brazil and Argentina were "presiding over a massive devaluation of their currencies," the manifestly unfit president said, to the apparent surprise of officials from both countries who then sought explanations from the White House.
From Reuters:
In fact, the opposite is true: Both countries have actively been trying to strengthen their respective currencies against the dollar. The real and the peso have been buffeted by weakness partially linked to Trump's trade battle with China.
