Ross Says Trump Chose Global Tariffs on Steel and Aluminum
- Trump to put ‘broad tariffs’ on all products, all nations
- Ross: ‘Tremendous overreaction’ in markets over announcement
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U.S. Commerce Secretary Wilbur Ross said President Donald Trump has chosen a global tariff on steel and aluminum, dimming the hopes of nations that are pressing for exemptions.
“Of the options that I presented, the president chose one -- which was put broad tariffs on all products from all countries,” Ross said in interview on Bloomberg TV. “We have to deal with a global problem on a global basis” to stamp out “this recurring phenomenon” of shipments going through other nations to evade tariffs.