I Know Why Trump Suddenly Hit Brazil and Argentina With Tariffs

President Trump suddenly announced new steel and aluminum tariffs on Brazil and Argentina today, which he blamed on the “massive devaluation of their currencies.” Vox’s Jen Kirby calls Trump’s reasoning “confusing,” which is very charitable indeed. Both the real and the peso are freely traded, which means they get weaker or stronger depending on their countries’ respective economic conditions, not because their governments have devalued anything. Both currencies have indeed weakened, but that’s because they’re both in pretty bad economic shape:

So why did Trump announce the tariffs? There’s no telling why Trump does anything, but my guess is that it’s mostly for domestic political consumption. Tariffs have fallen out of the news lately and the China talks appear to be going poorly. So he picked a couple of countries that compete with our farmers and announced tariffs. It makes him look tough and that’s all he really cares about.

This is just a guess, but a pretty good one, I suspect.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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