U.S. Commerce Chief Sees Some Tariffs as ‘Very Effective’
- Levies can help level playing field for U.S., Raimondo says
- Trump administration cited national security for steel tariffs
This article is for subscribers only.
U.S. Commerce Secretary Gina Raimondo said some tariffs on imported goods can be effective, citing the steel levies enacted by the Trump administration as helping to counter an oversupply of the product from China.
“If China is not going to play by the rules, then there’s a place for tariffs, and they have been effective if you just look at how steel production has increased” in the U.S. since the taxes were put in place, Raimondo said Wednesday in an interview with Bloomberg News editors and reporters in Washington.