New Trump administration tariffs mix currency dynamics into the trade war
New Trump administration tariffs mix currency dynamics into the trade war
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.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.