/2019/08/22/518064418p.jpg)
Argentine Production Minister Dante Sica said Trump’s announcement was “unexpected” and he was seeking talks with U.S. officials. Additionally, Argentina’s Foreign Ministry said it will begin negotiations with the U.S. State Department.
Trump’s tweet also urged the Federal Reserve to lower interest rates so countries “no longer take advantage of our strong dollar. Lower Rates & Loosen - Fed!”
Trump has repeatedly urged the U.S. central bank to lower rates to below zero, but Fed policymakers have been reluctant. Fed policy makers hold their next meeting on Dec 10-11.
Pre-market shares in U.S. steelmakers rose on Monday, with United States Steel Corp (X.N) up 1.2% and AK Steel Holding (AKS.N) rising 2.5% before the bell.
Read Also: Taiwan raises 2019, 2020 growth outlook slightly despite trade war concerns
In Brazil, steelmakers fell sharply as the market opened but quickly reversed losses.
Shares in Brazil’s Cia Siderurgica Nacional SA (CSNA3.SA), Usiminas (USIM5.SA) and Gerdau SA (GGBR4.SA) were up 1.5%, 1.4% and 0.5% in mid-morning trade, respectively.
Brazil's benchmark Bovespa equities index .BVSP was up 0.9%. The country's currency, the real BRBY, initially fell around 0.5% at the open, nearer to last week's record low. But it recovered to trade stronger at 4.2230 per dollar.
