Trump takes the sting out of his tariffs

As promised, President Trump will impose tariffs on steel and aluminum imports, starting March 22. But Trump has made significant concessions, in response to protests from some of America’s key trading partners.

The tariffs — 25% on steel imports and 10% on aluminum imports — will exclude Canada and Mexico. And there will be a provision allowing other trade partners to essentially appeal the tariffs, find ways around them, or make the case that their imports don’t really harm the U.S. economy.

“Any country with which we have a security relationship [can] discuss with the United States and the president alternate ways to address the impairment of our steel and aluminum industries,” a senior Trump administration official told reporters on March 8. “This administration has the ability to modify the order.”


Source : Yahoo