New Trump administration tariffs mix currency dynamics into the trade war

Kimberly Adams Dec 2, 2019
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Trump paid no federal income taxes in 10 of the past 15 years, The New York Times reported Sunday. Andrew Harrer/Pool/Getty Images

New Trump administration tariffs mix currency dynamics into the trade war

Kimberly Adams Dec 2, 2019
Trump paid no federal income taxes in 10 of the past 15 years, The New York Times reported Sunday. Andrew Harrer/Pool/Getty Images
HTML EMBED:
COPY

The Trump administration’s trade battles are far from over. Monday morning, President Donald Trump tweeted that he’ll bring back tariffs on steel and aluminum from Brazil and Argentina, arguing the two South American countries are purposely allowing their currencies to fall in value against the dollar.

But the morning statements also repeated Trump’s call for the Federal Reserve to lower interest rates because it could make the dollar weaker, potentially making U.S. exports more competitive.

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