W3Schools

The Conversation: Here’s what happened the last time the U.S. imposed tariffs on steel

President Donald Trump finally followed through on his almost year-old threat to restrict imports of foreign steel.

On March 8, the president slapped a 25% tariff on the metal, while also putting a 10% duty on foreign aluminum. After initially suggesting there’d be no exceptions, Trump promised to be “very flexible” and initially exempted Mexico and Canada from the duties, which are set to go into effect in 15 days.

Read:Here are the details on President Trump’s tariffs on steel and aluminum

While Trump cited “national security” as the impetus, he’s been vowing since the campaign to use trade policy to restore jobs to the American manufacturing sector, which has suffered in recent decades.

>>> Original Source <<<

Comentários