Donald Trump - On Monday (2/12) local time, Trump said it will impose tariffs on imports of steel products and aluminum of Brazil and Argentina in retaliation for the weakening currencies of the two countries to the detriment of U.S. farmers.
The statement, all of a sudden just create two Latin American countries that rushed to Washington in order to find out the truth of the information.
Analysts said the decision Trump is likely to come from the consequences of the domestic politics of trade war China.
U.S. farmers who represent the demographics of the key to Trump ahead of the election in November 2020, witnessed how trade disputes have undermined the competitiveness of agricultural products the U.S. and replaced with the product of the two countries.
"For many Brazilians, this is like a revenge for the great advantages obtained their farmers from trade war US-China, and has replaced US soybeans to China," said Kim Catechis, head of investment strategy at Martin Currie, quoted by Reuters, Tuesday (3/12).
(Read: for the Sake of Increase of Exports to the U.S., RI Needs Requirements of Special GSP)