President Donald Trump added more fuel to a brewing global trade battle Sunday, tweeting in support of his planned import tariffs on steel and aluminum to help U.S. industries.
“We are on the losing side of almost all trade deals. Our friends and enemies have taken advantage of the U.S. for many years. Our Steel and Aluminum industries are dead. Sorry, it’s time for a change! MAKE AMERICA GREAT AGAIN!” Trump wrote.
Trump last week said he would impose tariffs on imported steel to protect a U.S. industry that employs about 140,000 Americans. Still, analysts say that by raising the price of steel, those same tariffs stand to hurt a far larger group of U.S. workers: the 6.5 million who work in industries that buy steel — from automakers to aircraft manufacturers to suppliers of building materials.
Trump has vowed to this week impose 25 percent tariffs on imported steel and a 10 percent tariff on aluminum, in the interest of protecting America’s national security.
Source : foxnews
No comments:
Post a Comment