Changing Mercosur bloc meets in Brazil after US tariffs blow

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BENTO GONCALVES, Brazil: South America's four-nation trade bloc Mercosur began a tense meeting on Wednesday (Dec 4) reeling from US steel and ...

BENTO GONCALVES, Brazil: South America's four-nation trade bloc Mercosur began a tense meeting on Wednesday reeling from US steel and aluminium tariffs and a spat between its two biggest members.

The 55th Mercosur summit will be the last for Argentina's President Mauricio Macri who will soon be replaced by leftist Alberto Fernandez. The bloc's 55th summit - the last for Argentina's market-friendly President Mauricio Macri - has more immediate concerns however, coming in the aftermath of US President Donald Trump's decision on Monday to imposeTrump accused them of manipulating their currencies to gain an unfair advantage for agricultural exports, thereby hurting US farmers.

 

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