Trump Announced Steel and Aluminum Tariffs

Read more on this subject: Trump Administration
Feature Article by Stephen Lendman
Trump Announced Steel and Aluminum Tariffs

by Stephen Lendman ( – Home – Stephen Lendman)

An earlier article, I asked if Trump intends waging trade war, notably against China.

In late January, his administration announced 30% tariffs on imported solar panels and modules, declining over a four-year period to 15%.

Stiff tariffs on imported washing machines and parts were also imposed – 20% (for the first 1.2 million units, 50% above this total) and 50% respectively for year one, reduced to 16% (40% above 1.2 million units) and 40% respectively by year three.

On Thursday, Trump announced imported tariffs of 25% on steel, 10% on aluminum, aimed at China, the world's largest producer of these commodities.

The announcement came at a time its top economic official Liu He (expected to be named financial and industrial policy vice premier) is in Washington, discussing bilateral trade and economic relations with Treasury Secre
Read More or Make a Comment

Bookmark the permalink.

Comments are closed.