Trump signs order on steel, aluminium tariffs

Trump plans to announce steel tariffs but may allow exemptions for U.S allies after all

The president, who has repeatedly argued that the U.S.is "on the losing side of nearly all trade deals", signed proclamations to formally institute a 25 percent tax on all steel imports and 10 percent levy on all aluminum imports during an afternoon White House event.

President Donald Trump stuck to his guns and formally announced heavy new steel and aluminum tariffs Thursday afternoon, despite fears from Republicans that it could start a trade war. The former real estate developer said politicians for years lamented the decline in the industries, but nobody was willing to take action.

Steel imports will carry a 25% tariff while aluminium will have a 10% duty.

"If we reach a [NAFTA] deal, it's most likely that we won't be charging those two countries the tariffs", he said.

On Thursday, Trump had said that America will remain open to modifying or removing the tariffs for individual nations.

U.S. Department of Commerce reports released last month suggested that the quantities and circumstances of steel and aluminum imports "threaten and impair" the country's national security, according to officials.

"Instead of putting a tariff on the entire world, he could have identified six, maybe eight countries that really are abusive in terms of their pricing", Lynch said.

Sen. Cory Gardner, R-Yuma, said he agreed with Trump's view that the USA needs fair trade agreements, but he thinks Trump's broad tariffs could misfire instead of deliver higher wages and economic growth. "But we've reached a situation in which the preliminary skirmishes have become serious", she added.

Trump Talked to Witnesses About Their Interviews With Mueller
The Times based the story on three people familiar with the interactions. Lawyers for the president have not responded to ABC News.

"We want a lot of steel coming into our country, but we want it to be fair, we want our workers to be protected", Trump said Thursday before signing an order on the tariffs.

The president suggested in the meeting with his Cabinet that Australia and "other countries" also might be spared, a shift that could soften the worldwide blow amid threats of retaliation by trading partners.

Axel Eggert, chief of Europe's main steel federation (EUROFER) said on Friday that Trump's tariffs are absurd, and, with the expected massive steel import surge to the European Union (EU), they could cost tens of thousands of jobs across the continent.

"Under the direction of the president, the USTR is responsible for negotiations with countries that seek an alternative means to the steel and aluminium tariffs", the White House said.

"If you exempt Canada, then you have to put big tariffs on everybody else", Navarro told CNN.

Beijing said it was ready to retaliate in the event Chinese companies are hurt, but gave no indication of official action. You don't have steel. We will always stand up for Canadian workers and Canadian businesses.

Despite objections by many business trade groups, by most Democrats and Republicans, and by a number of advisers in the Trump administration, the U.S. president forged ahead with his plan on Thursday, keeping a promise he made during his 2016 presidential campaign.

The scramble over the tariffs has propelled the White House into further disarray over the past week.

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