Trump says US will institute tariffs on steel and aluminum imports next week

Trump says US will institute tariffs on steel and aluminum imports next week

Trump plans to institute 25% steel and 10% aluminum tariffs

  • Trump announces the U.S. will institute steel and aluminum tariffs next week.

  • Trump’s top advisors disagreed over whether to crack down on imports.

  • A move would be part of Trump’s broader push for protectionist policies.

https://www.cnbc.com/2018/03/01/president-trump-will-announce-tariffs-at-meeting-thursday.html

 The United States will impose new tariffs on steel and aluminum as early as next week, President Donald Trump said Thursday, following disagreement among his advisors about whether to crack down on imports.

The U.S. will set tariffs of 25 percent for steel and 10 percent for aluminum, the president said. It will apply the tariffs broadly, without targeting specific countries, and not impose quotas.

Trump made the announcement as steel and aluminum executives, who back the tariffs, met with administration officials at the White House on Thursday. Confusion surrounded Trump’s announcement as the administration struggled to agree on how to proceed.

___________________________

This is when companies that rely on their steel and aluminum supply to stay in business, such as manufacturers and fabricators, need to get on a managed inventory program, which will provide inventory and stable pricing.
Call Ace Steel Supply at 832-300-1030 for a consultation.

Click this link to learn how to receive $500 for referring new customers to us.