Trump says US will see big tariffs on steel and aluminum imports next week
President Donald Trump speaks during a meeting with steel and aluminum executives in the Cabinet Room of the White House, Thursday, in Washington.
Among others Roger Newport of AK Steel, John Ferriola of Nucor, Dave Burritt of U.S. Steel Corporation, and Tim Timkin of Timken Steel were present in the meeting with Trump.
Flanked by US metals executives at the White House, the president said a 25% tariff would be placed on steel products, and a 10% tariff would be imposed on aluminium.
The president has repeatedly thrashed free trade deals struck by his predecessors and has pledged to make trade more fair to the United States.
The president's actions have also sparked concerns about retaliation from other countries that could harm the U.S. economy. As reports indicated Trump could move forward with tariffs, European Union and Chinese officials considered retaliating by targeting American products with political significance.
Mr Trump tweeted that the US was suffering from "unfair trade".
He spoke as Chinese economic adviser Liu He, a friend of Chinese President Xi Jinping, visited the White House.
Throughout his presidential campaign and since taking office, Mr Trump said cheap imports from China were harming the viability of US industry.
Flanked by US metals executives at the White House, the president said a 25% tariff would be placed on steel products, and a 10% tariff would be imposed on aluminium.
The president has repeatedly thrashed free trade deals struck by his predecessors and has pledged to make trade more fair to the United States.
The president's actions have also sparked concerns about retaliation from other countries that could harm the U.S. economy. As reports indicated Trump could move forward with tariffs, European Union and Chinese officials considered retaliating by targeting American products with political significance.
Mr Trump tweeted that the US was suffering from "unfair trade".
In Thursday's announcement, Mr Trump said "we haven't been treated fairly by other countries", citing China.Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE!— Donald J. Trump (@realDonaldTrump) March 1, 2018
He spoke as Chinese economic adviser Liu He, a friend of Chinese President Xi Jinping, visited the White House.
Throughout his presidential campaign and since taking office, Mr Trump said cheap imports from China were harming the viability of US industry.
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