Trade Cases
March 8, 2018
Trump’s Tariffs Leave Market with Much Uncertainty
Written by Tim Triplett
Flanked by members of his administration and a group of steel and aluminum workers, President Trump signed measures today calling for a 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminum. But his comments leave the market far short of the clarity and certainty most had hoped for.
The tariffs apply to all countries, except Canada and Mexico, which would be exempt, at least as long as the NAFTA negotiations are under way. Unclear is Canada and Mexico’s status if U.S. negotiators don’t get the concessions they have been seeking and the U.S. pulls out of NAFTA.
