Will Investors Shrug Off Trump’s Tariffs?: DealBook Briefing
Mr. Trump said he would formally sign the trade measures next week
and promised they would be in effect “for a long period of time.” The trade measures would impose tariffs of 25 percent on steel and 10 percent on aluminum.
The announcement capped a frenetic and chaotic morning inside the White House as Mr. Trump summoned more than a dozen executives from the steel
and aluminum industry to the White House, raising expectations that he would announce his long-promised tariffs.
Kushner and Ivanka have to decide if they’d serve themselves and the president better by walking away from their formal White House roles.”
The politics flyaround
• The White House is set to announce new tariffs on steel and aluminum imports, according to unidentified sources.
Compare that with March 2002, when President Bush introduced his trade restrictions: The Fed was cutting interest rates, a policy stance
that can help support the economy and the stock market; stocks were nowhere near their peak of two years earlier; and President Bush’s administration was, overall, globalist in its outlook and didn’t want to become isolated ahead of the Iraq war.