The punitive tariffs announced by the United States against importsfrom Brazil, Argentina and France on Monday are nothing but the latestdisplay of its unilateral, protectionist and bullying trade policy and practice.
US President Donald Trump tweeted on Monday morning that he would slap tariffs on steel and aluminum from Brazil and Argentina because the two countries "have been presiding over a massive devaluation of their currencies". The two largest South American economies had been exempted
from US tariffs last year.
Just like the US' false accusation in August that China manipulates its currency, its allegation against Brazil and Argentina has not been supported by facts. The two currencies have been depreciating due to the poor economic performance of the two countries. In fact, both governments have tried to prop up their currencies.
Read more at: Washington's disruptive trade practice knows no bounds - Opinion - Chinadaily.com.cn
US President Donald Trump tweeted on Monday morning that he would slap tariffs on steel and aluminum from Brazil and Argentina because the two countries "have been presiding over a massive devaluation of their currencies". The two largest South American economies had been exempted
from US tariffs last year.
Just like the US' false accusation in August that China manipulates its currency, its allegation against Brazil and Argentina has not been supported by facts. The two currencies have been depreciating due to the poor economic performance of the two countries. In fact, both governments have tried to prop up their currencies.
Read more at: Washington's disruptive trade practice knows no bounds - Opinion - Chinadaily.com.cn
