US president ramps up controversial bid to boost economy by hiking import taxes to ensure ‘level playing field’
Why Trump tariffs will be ‘very bad for America and for the world’
Donald Trump announced 25% tariffs on foreign steel and aluminum on Monday, ramping up his controversial bid to boost the US economy by hiking taxes on imports from overseas.
“The steel and aluminum tariffs 2.0 will put an end to foreign dumping, boost domestic production and secure our steel and aluminum industries as the backbone and pillar industries of America’s economic and national security,” he told reporters.
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