The latest tweet comment that was made by President Trump on the trade relations with Argentina and Brazil has become a subject to criticism not just formally from media and the world but has also become a topic of humor. Some media houses have also gone on to call this trade tariff imposition as being a trade tantrum.
Trump has planned to impose aluminum and steel tariffs on Brazil and Argentina. The action according to a tweet by Trump has been done in order to punish these two countries for driving the two currency valuations down and making the exports furthermore attractive. The people who were being affected by these devalued currencies were the farmers in America according to Trump.
However, the experts have felt that the plan of punishing Argentinians and Brazilians has nothing to do with the American farmers.
There are facts that back their claim. The currency of Argentina and Brazil are weak, not due to any manipulation but instead due to their economy being commodity-driven and a broken economy. The outsiders are not buying their non-farm products much and are not willing to invest in the economies.
A tariff on metals is also more likely to hurt the farmers of America rather than helping them.
The farmers have already been reeling due to the other trade wars which have been initiated by him with countries like China retaliating and not buying farm products from the United States and instead preferring Brazil & Argentina, which has made them become beneficiaries.
The new tariff of Trump is going to put further pressure on the economy and is going to drive the currency further which would mean that China is going to prefer them even more.
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