Posted on 06/18/2018 2:46:55 AM PDT by cba123
Washington (AFP) - By inflicting tariffs on the steel and aluminum of his allies, and then on tens of billions of dollars in goods from China, US President Donald Trump has quickly moved to fulfill the tough campaign pledges he made on trade.
During his first year in office, Trump and his top economic aides made repeated threats and warned that preliminary investigations were launched into whether certain imports were being unjustly subsidized. But no concrete steps were taken.
That all changed in March, when the "America First" president went on the offensive.
(Please see link for full article)
(Excerpt) Read more at yahoo.com ...
Sucks to be Walmart.
The steel and Aluminum that comes from Canada is mostly Chinese transhipments.
Tariffs on $50B is not very much. Add a 0 to that then that would make a dent in both trade deficit and the budget deficit. But it is a start.
$50B is a drop in the bucket.
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