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    Government/Policy

    December 2, 2019

    Trump Tariff Tweet on Brazil, Argentina Causes Widespread Confusion

    Written by John Packard

    This morning President Trump tweeted that due to the decline in the Brazilian and Argentinian currencies, he intends to place 25 percent tariffs on steel and a 10 percent tariff on aluminum from both countries. His tweet has created a great deal of confusion in the U.S. steel markets.

    Steel Market Update is attempting to help calm industry fears by putting out this special newsletter on the subject of Brazil and Argentina steel exports, the markets that potentially could be compromised by the president’s tweet, and what has to happen before the new tariffs can be collected.

    John Packard

    Read more from John Packard

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