US President imposes levy on steel and aluminium: Trump tariffs

President Trump has signed controversial orders imposing heavy tariffs on steel and aluminium - but some countries will be spared.
Mr Trump has said the US is suffering from "unfair trade" and that the move would boost US industry.
But countries had expressed outrage at his plans, and experts warned of new trade wars.
The tariffs will go into effect in 15 days and include exemptions for Canada and Mexico.
Tariffs of 25% are to be placed on steel and 10% on aluminium imported into the US.
Republican Senator Jeff Flake - a prominent critic of Mr Trump who opposes the move - said he was drafting legislation to nullify the tariffs, saying trade wars are only ever lost.
Steel and aluminium workers were at the signing.
Mr Trump praised them as "the backbone of America" - and alluded to their role in his election.
He said such workers had been betrayed - but that was now over and he was delivering on a campaign promise.
The president said the tariffs would defend America's national security.
Share:

No comments:

Post a Comment

Nya-Etok for Governor

Most Read Stories

Labels

Blog Archive

Recent Posts