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President Trump announced Monday morning that he is slapping tariffs back on Brazil and Argentina, effective immediately!  Trump tweeted:

Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries. The Federal….

…..Reserve should likewise act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen – Fed!

In two additional tweets, the president added:

U.S. Markets are up as much as 21% since the announcement of Tariffs on 3/1/2018 – and the U.S. is taking in massive amounts of money (and giving some to our farmers, who have been targeted by China)!

“The United States has outperformed the rest of the world in an eye popping fashion. I don’t think we’ve seen numbers like that.” Mohamed El-Erian, Allianz Chief Economic Adviser. But despite this there is tremendous potential for growth, far greater than most have understood!

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