By Rick Mills —— Bio and Archives--March 21, 2018
On March 1 Donald Trump announced that his Administration would implement a 25% tariff on all steel imports and a 10% duty on aluminum. President Trump initially said the tariffs would apply to all steel and aluminum exporters but a week later, facing pressure from Republican free-traders, temporarily excluded Mexico and Canada while NAFTA talks continue.
The tariffs were needed for national security reasons, argued Trump, based upon an investigation by the US Commerce Department which found in January that cheap foreign steel was indeed a threat to America:
The continued rising levels of imports of foreign steel threaten to impair the national security by placing the U.S. steel industry at substantial risk of displacing the basic oxygen furnace and other steelmaking capacity, and the related supply chain needed to produce steel for critical infrastructure and national defense. - US Commerce Department
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