President Trump announces he is like to impose global tariffs on imported steel and aluminum – in a broad effort to ensure U.S. national security and manufacturing capacity within a very important industrial sector.
Earlier today President Trump appeared to be accepting Commerce Secretary Ross proposals for 25 percent tariffs on imported steel and 10 percent for aluminum. It is likely the tariffs will apply globally to all imports because targeted national tariffs have not worked. China ships their manufactured steel to another nation first in order to avoid the tariff. As Secretary Ross has previously stated we end up with a whack-a-mole policy. So likely the tariff will apply globally regardless of the nation shipping the product.
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The usual, the corporate GOPe and Chamber of Commerce politicians will go bananas.





