Trump’s Tariffs Trigger Global Chain Reaction to Halt Imports
After Mr. Trump announced his tariffs, trade unions
and Canada’s steel and aluminum industries warned Mr. Trudeau that, without its own measures, Canada could be flooded with cheap steel and aluminum from countries that export at artificially low prices.
But Mr. Trump’s stiff 25 percent steel tariffs and 10 percent aluminum tariffs, which will halt the flow of foreign
metals into the United States, have prompted other countries to move more rapidly to curtail overseas imports.
By ANA SWANSON, ALAN RAPPEPORT and IAN AUSTENMARCH 27, 2018
WASHINGTON — The Trump administration’s steel and aluminum tariffs are provoking a chain reaction around the globe, as governments from
Europe to Canada prepare to erect barriers to prevent cheap metal once bound for the United States from entering their markets.
I think it’s just getting started.”
By restricting the supply of foreign metals in the United States, the tariffs are meant to raise the domestic
price of those metals, which will translate into profits for struggling American metal makers.