Business

Trump wants to come after Brazil steelmakers. What to expect?

Trump wants to come after Brazil steelmakers. What should we expect?
Image: Anton Khodakovskiy

Monday got off to a turbulent start after U.S. President Donald Trump used his Twitter account to threaten Brazil and Argentina with new import tariffs on steel products. Mr. Trump accused both countries of “presiding over a massive devaluation of their currencies” to make their agricultural products more competitive in the U.S. market, promising a retaliation in line with the stance he has taken towards China.

https://twitter.com/realDonaldTrump/status/1201455858636472320

Mr. Trump’s tweets have had a sharp effect on markets—to the point that JPMorgan created the “Volfefe Index,” a portmanteau of the words volatility and...

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