Trump Adviser Sees No Tariff Exclusions as U.S. Allies Protest

  • Tariffs of 25% on steel, 10% on aluminum imports on the way
  • U.K.’s Theresa May raises ‘deep concerns’ on unilateral move
Niskanen Center Economic Research Director Karl Smith weighs in on President Trump’s steel and aluminum tariffs.(Source: Bloomberg)
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The Trump administration shows scant sign of watering down its plan to impose stiff tariffs on steel and aluminum imports with carve-outs for specific countries, despite opposition from U.S. allies and Republican lawmakers.

The president’s trade advisers fanned out across television news shows on Sunday to defend the move, saying it was necessary to ensure the survival of the domestic steel and aluminum industries and would be put into effect soon.