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Trump Ties Brazil, Argentina Steel Tariffs to U.S. Farm Woes

  • Countries hit sell soybeans to China, have devalued currency
  • U.S. steel shares rise in New York as protections reemerge
Steel pipes sit stacked at the Port of Houston, Texas.

Steel pipes sit stacked at the Port of Houston, Texas.

Photographer: Loren Elliott/Bloomberg
Updated on

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President Donald Trump is reinstating tariffs on steel and aluminum from Argentina and Brazil, nations he criticized for cheapening their currencies to the detriment of U.S. farmers, and he again called on the Federal Reserve to loosen monetary policy.