Donald Trump hits Brazil and Argentina with steel and aluminium tariffs - business live
(The Guardian Business News)

Rolling coverage of the latest economic and financial news, including new PMI surveys of the world´s manufacturingLatest: Trump imposes tariffs on Brazil and ArgentinaAlso urges Fed to weaken the dollarEarlier:UK factories slash jobsChina´s factory growth hits three-year highBut Ireland cuts jobs as exports fallComing up: Christine Lagarde at European Parliament 1.59pm GMT Shares in US steel makers are up in pre-market trading, as they should benefit from tariffs on foreign rivals.(X.N AKS.N) 02 Dec - 08:54:01 AM - SHARES OF U.S. STEEL COMPANIES UP PREMARKET AFTER TRUMP SAYS WILL RESTORE TARIFFS ON ALL STEEL & ALUMINUM SHIPPED INTO U.S FROM BRAZIL, ARGENTINA - [RTRS] (trump trying to bailout US Steel shares as they`ve collapsed in last several yrs) 1.46pm GMT European stock markets have dropped into the red since Trump´s tweets hit the wires, erasing their earlier gains.The German DAX is leading the selloff, down 0.7%, while the UK´s FTSE 100 has lost 0.3% or 24 points. Continue reading...