Will Trump Succeed in Slapping Tariffs on Foreign Steel? Critics Don’t Think So
US President Donald Trump has slapped tariffs on foreign steel and aluminum in his supposed bid to protect jobs in the American steel industry – something that many presidents before have tried.
Critics, however, is doubtful on until when Trump will hold all these together.
“Steel has long been a politically sensitive issue, especially since much of the production takes place in swing states such as Pennsylvania. Pro-union Democrats have pushed for tariffs and other restrictions for years — many quietly support Trump’s move — and it’s one of the few industries that Republican presidents have singled out for protection,” said Market Watch.
In an article, Market Realist said tariffs “will not solve the challeges facing the aluminum industry” as the US still needs to importat at leas...