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 Trump Plans Tariffs on Steel and Aluminum and Markets Slump

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RR Phantom

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Trump Plans Tariffs on Steel and Aluminum and Markets Slump Vide
PostSubject: Trump Plans Tariffs on Steel and Aluminum and Markets Slump   Trump Plans Tariffs on Steel and Aluminum and Markets Slump Icon_minitimeThu Mar 01, 2018 5:03 pm
President Trump said on Thursday that he will impose stiff tariffs on imports of steel and aluminum, thwarting some of his top pro-trade advisers and rattling stock markets as the prospect of a global trade fight loomed.

Trump Plans Tariffs on Steel and Aluminum and Markets Slump Merlin_134751366_af5a6a50-3591-4b3f-9bd5-6bcac38b85bd-master768

Mr. Trump said he would formally sign the trade measures next week and promised they would be in effect “for a long period of time.” The measures would impose tariffs of 25 percent on steel and 10 percent on aluminum.

The tariffs are expected to apply to all countries, according to an industry executive briefed on the president’s plans. At a White House meeting on Thursday, Mr. Trump told a group of executives that he did not want any nation to be exempted from the order, arguing that if one country was exempt, all other countries would be in line to ask for similar treatment, the executive who attended the meeting said. The president also argued that metals could end up being shipped to the United States through exempted countries.

https://www.nytimes.com/2018/03/01/business/trump-tariffs.html
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