China Blinks: To cut Auto import tariff. Trump Wins again

[GMDino]

(04-10-2018, 11:49 AM)StLucieBengal Wrote: Just because you say he promised tariffs doesn’t make it so.  He promised fair trade and said all options were on the table to accomplish that goal.  Including tariffs

https://www.politico.com/story/2018/03/08/trumps-tariff-details-debated-765614

Quote:Trump imposes steel, aluminum tariffs with few exceptions
Canada and Mexico will initially be excluded from the tariffs, which go into effect in 15 days.

President Donald Trump brushed off concerns raised by fellow Republicans and signed a pair of proclamations on Thursday setting new tariffs on steel and aluminum imports and potentially triggering a destructive trade war with the European Union and other nations.


"Today, I’m defending America's national security by placing tariffs on foreign imports of steel and aluminum," Trump said at a White House ceremony with steel and aluminum workers, Vice President Mike Pence and senior members of his economic team. Chief White House economic adviser Gary Cohn, who recently announced his resignation, was also present, but did not appear on camera.

Trump's authority to impose the tariffs is based on a rarely used provision that gives the president the power to restrict trade because of national security interests. After a monthslong investigation, the Commerce Department found that imports of steel and aluminum threaten national security by undermining the long-term viability of those industries.



The president’s decision, which establishes tariffs of 25 percent on steel and 10 percent on aluminum, brought cheers from the steel industry and organized labor.