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Trump just slapped tariffs on Brazil and Argentina to try and dig himself out of a problem he created
  • 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 pressure Buenos Aires and Brasilia into limiting their cooperation with Beijing as it buys more of their goods.
  • Visit Business Insider's homepage for more stories. 
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Full "The Business Insider: The Money Game" article




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