Donald Trump White House Issues Steel, Aluminum Tariffs On Canada, Mexico, EU

President Donald Trump (courtesy, Fox News)President Donald Trump (courtesy, Fox News)

President made good on his promise to impose on steel and aluminum, and in an attempt to change what he sees as a massive imbalance with respect to our industrial economic allies.

To that end, and after much negotiation, the Trump Administration announced that:

The implementation of steel and aluminum follows the announcement by on March 8, 2018, of a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.

In the initial proclamations in March, welcomed any country with which the shares a security relationship to discuss alternative means to address threatened impairment to the national security caused by their steel and aluminum exports to the . The President made it clear that the Administration was willing to work with those countries to find separate arrangements that would meet the national security requirements of the .

The has reached an arrangement with South Korea on steel, which was announced on April 30. Included in today’s proclamations, the has reached arrangements on steel with Australia, Argentina, and Brazil, and with Australia and Argentina on aluminum.

The was unable to reach satisfactory arrangements, however, with Canada, Mexico, or the European Union, after repeatedly delaying to allow more time for discussions.

The Trump Administration calls the current levels of worldwide production of steel and aluminum “excessive” and that the “glut” of imports into the “threatens national security.”

Zennie Abraham is the CEO of Zennie62Media

About the Author

Zennie Abraham
Zennie Abraham is the CEO of Zennie62Media