President Trump to Announce Tariffs on Steel and Aluminum ImportsSaturday, March 10, 2018
Washington, D. C.-
President Trump announced last Thursday that he plans to impose tariffs on steel and aluminum imports, according to reporting from the New York Times. The president made the announcement during a meeting with industry executives, saying that he would impose a tariff of 25 percent on steel imports and 10 percent on aluminum imports.
The president’s decision comes after the Commerce Department’s investigation which determined that metal imports pose a threat to national security through their potential to undermine domestic industry.
President Trump reiterated his intent to go through with the tariffs on Monday, despite disagreement from his own party, including House Speaker Paul D. Ryan. The president did suggest the possibility of an exemption for Canada and Mexico, according to Times reporting. The United States is currently in negotations to revise the North American Free Trade Agreement with the two countries.
Aluminum extruders have also recently voiced frustration with metal imports. The Aluminum Extruders Council filed a circumvention petition last month against China Zhongwang Holdings Ltd., a Chinese company that the council accused of circumventing antidumping and countervailing duty orders on aluminum extrusions imported from China.Read all News