Steel Takeover Business International
US will impose steel and aluminum tariffs. President Donald Trump said Thursday his administration will impose tariffs on steel and aluminum imports next week, a highly controversial move that Trump framed along national security lines.
Trump said the US will impose a 25% tariff on steel imports and 10% tariff on aluminum, capping a fierce, months-long internal debate that divided some of the President's top advisers.
Anticipating the move, experts have said it is likely to invite retaliatory measures from foreign countries. Ref. CNN.