Quote:
Trump to slap 25% tariff on steel imports invoking national security
Donald Trump said the US would begin imposing heavy tariffs on imports of steel and aluminium “for a long period of time”, a move likely to trigger retaliation from the EU and China and potentially lead to a trade war between the world’s leading economies.
Mr Trump said on Thursday he would next week sign an order imposing tariffs of 25 per cent on steel and 10 per cent on aluminium, breaking a deadlock among his advisers that had delayed promised action for months.
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https://www.ft.com/content/7b354ff8-...a-4574d7dabfb6
Such measures sound good on paper but as Obama found, they have unintended consequences as other countries retaliate and costs rise for users of the raw materials due to reduced competition and the tariffs, thus driving manufacturers to Mexico, Canada etc.
I've always been fair to Trump, and to continue that policy I will say that he is carrying out one of his election promises here and appealing to his heartland.
