Trumpian trade wars, Argentina and Brazil edition
Let me see if I understand the reasoning: 1. Argentina’s and Brazil’s governments have screwed up their economies over the years. 2. So they devalued their government-controlled currencies. 3. That means American farmers earn less on their exports to Argentinean and Brazilian customers. 4. So the US government will retaliate by taxing steel imports from Argentina and Brazil. 5. Therefore, steel-makers in Argentina and Brazil will earn […]
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