US steel and aluminium imports face big tariffs, Trump says
President Donald Trump has said he will sign off on steep tariffs on steel and aluminium imports next week, hitting producers like Canada and China.
Flanked by US metals executives at the White House, he said a 25% tariff would be slapped on steel products, and a 10% tariff would be imposed on aluminium.
Mr Trump tweeted that the US was suffering from "unfair trade".
The US imports four times more steel than it exports, and is reliant on steel from more than 100 nations.
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(Score: 2) by Virindi on Friday March 02 2018, @11:13PM (1 child)
One would think that countries which have costly regulations on industry, would see the benefit of cooperation in this regard.
Too bad letting people suffer on the other side of the world lines so many pockets.
(Score: 0, Redundant) by khallow on Saturday March 03 2018, @03:45AM
No honor among thieves. And suffering is relative. Those people would suffer anyway. This way they're getting paid more for their suffering.