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Economy
POTUS Favors 24% Increase In Steel, Aluminum Tariffs
2018-02-25
[Hot Air] It appears President Donald Trump hopes to do a massive increase in tariffs on steel and aluminum. Bloomberg reports the President is pondering three protectionist plans on his desk, and prefers the one he believes will boost American steel profits.

It isn’t surprising the President is considering this, after all the alleged 5G sort of nationalization plan would require whoever constructs the infrastructure to use American products, instead of foreign materials. Trump sees this as a way to increase national security (somehow) something Commerce Secretary Wilbur Ross swore was an issue via Section 232 of the Trade Expansion Act of 1962. Ross’ report admitted there is no real definition of "national security" in Section 232, but the government still needed to prop up the steel economy (emphasis mine).

Posted by:Besoeker

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