Argentina and Brazil to benefit from U.S. tariffs? Bank of America thinks so

Global trade tensions show no signs of easing, but two Latin American nations may actually to stand to benefit. President Donald Trump on Thursday posted on Truth Social that the U.S. would impose reciprocal tariffs on goods from countries that have hit American products with levies. “THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS,” he said in the social media post. He later scheduled a 1 p.m. ET news conference on the matter. Earlier this week, Trump approved tariffs on all steel and aluminum imports. That comes after signing an order to put…