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 dry on Saturday March 03 2018, @03:37AM
Well the USA gets 16% of its steel from Canada and we're also one of America's main exports destination for that finished steel. Going to be lots of unemployed people on both sides of the border and with Trump's lack of understanding of trade between us, things are going to get worse employment wise as quite a few States depend on trade with Canada and most of these tariffs seem not to be thought out. Things like jacking up the prices of houses due to illegal tariffs on soft wood, solar tariffs that last just long enough to fuck up American (and Canadian) industries. Steel tariffs that China can easily ride out while increasing the prices of a lot of stuff.