Reuters: U.S.

Friday, February 16, 2018

Breaking News: Trump gets recommendation for steep curbs on imported steel, risking trade war

 
 
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Trump gets recommendation for steep curbs on imported steel, risking trade war
The Commerce Department is recommending hefty tariffs or quotas severely restricting imported steel and aluminum, which if taken would almost certainly lead to an international trade war.
 
Commerce Secretary Wilbur Ross told reporters on Friday that his department's investigations found that imported steel is a threat to national security, and recommended at least a 24 percent tariff on all steel imports from around the world under a law called Section 232.
 
The report highlights a number of options for President Trump, who could also decide to not take any action.
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