Close 'Making America rich again': Trump signs order imposing 25 percent tariffs on steel and aluminum
US President Donald Trump recently announced a 25 percent import tax on all steel and aluminum consignments entering the country, ending previous exemptions for allies including Canada and the European Union.
For all the ways in which nations may contemplate retaliating against the U.S. for President Donald Trump's aggressive tariff threats — from potential 100% tariffs on Teslas to banning bottles of liquor made in red states — one of the more opaque methods of global economic war may occur far away from the world of customs agents and consumer prices, dipping a little deeper into the world of corporate tax and profits of multinational corporations.
Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump's economic policy.