Trump told aides he wants to announce tariffs of 25 percent on steel and 10 percent on aluminum from all countries, according to two people who asked not to be identified because the deliberations aren’t public.
China has already launched a probe into U.S. imports of sorghum, and is studying whether to restrict shipments of U.S. soybeans -- targets that could hurt Trump’s support in some politically important farming states.
“On financial assets, let alone trade, the Chinese can turn around and basically spook the Americans,” Evans told Bloomberg Radio Thursday. “The Chinese can always rebound with a comment that they own a hefty amount of U.S. Treasuries they can obviously withdraw.”
Canada is the biggest foreign supplier of U.S. steel
RIP the steel industry in Canada, Germany, Japan and UK. And along with the US automotive and construction industry as they'll have to use more expensive metals.
Submitted March 01, 2018 at 09:56AM by COMPUTER1313 http://ift.tt/2Fep82E
