South America

Trump just slapped tariffs on Brazil and Argentina to try and dig himself out of a problem he created

8 days ago   |   By Business Insider

Reuters
President Trump announced on Monday that he's imposing new steel and aluminum tariffs on Brazil and Argentina.
It's a stunning move that opens new fronts and widening his global trade war into two of the largest economies in South America.
In a tweet, Trump blamed both nations for devaluing their currencies and hurting American farmers in the process.
Economists, though, reject the idea that Argentina and Brazil have tried artificially weakening their currency.
Some have said the President Trump is trying to dig himself out of a hole in the trade war with China instead, seeking to...
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Trump's new trade agreement has created a tricky political conundrum for Democrats wanting to show they're dealmakers

Trump's new trade agreement has created a tricky political conundrum for Democrats wanting to show they're dealmakers

8 days ago   |   By Business Insider

Getty Images/Pool
A year ago, the Trump administration reached a deal with Mexico and Canada to revise the North American Free Trade Agreement, adding new rules aiming to boost manufacturing in the United States and raise wages for auto workers.
The new United States-Mexico-Canada Agreement, or known as the USMCA, hasn't taken effect yet as it must be approved by the Democratic-led House and GOP-controlled Senate.
Now Democrats led by House Speaker Nancy Pelosi are within striking distance of a deal with President Trump, which would hand him a major victory on a top trade priority going...
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