Trump Tariffs
Export Tariffs and Automotive In March, President Trump announced 25% steel and 10% aluminum tariffs but postponed implementation for a few months. Immediately, our trade partners around the world began talking about retaliation. Canada, the biggest exporter of steel to the United States, announced that it would seek to put tariffs on the almost $13 billion U.S. exports. Our other trade partners in Europe and China have also spoken about reprisal. Today, many Europeans companies manufacture auto parts in the southeast states including Alabama, South Carolina, and Tennessee. The manufacturing facilities provide a boost to local economies. Their parts are placed in cars for American consumers and in cars exported...
July 6, 2018
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