US Re-imposes Steel, Aluminum Tariffs On Brazil, Argentina
Muhammad Irfan 11 days ago Tue 03rd December 2019 | 09:30 AM
Rio de Janeiro, Dec 3 (UrduPoint / Pakistan Point News - 3rd Dec, 2019 ) :US President Donald Trump on Monday announced plans to reimpose tariffs on steel and aluminum from Brazil and Argentina, hitting back at what he called their "unfair" policies.
The move appeared to surprise his Brazilian counterpart, Jair Bolsonaro, who considers himself an ideological ally of the Republican leader. Industry leaders in both countries cried foul.
" Trump last year announced global tariffs of 25 percent on steel and 10 percent on aluminum but later approved exemptions for some countries, including Argentina and Brazil -- after they agreed to quotas.
Later, in a radio interview, Bolsonaro said: "I hope he understands and doesn't penalize us in this matter."The Brazilian leader added he was confident he would receive a favorable hearing from the US president.
"I am almost convinced that he will hear us," he said.