Jun. 2 at 3:25 PM
US steel & aluminum protectionism will be borne by US consumers & other US businesses & not China
EU & Canada preparing to retaliate
Canada’s Minister of International Trade: “These tariffs hurt North American competitiveness, disrupt trade, and put unnecessary strain on workers and businesses"
Pacific Research Institute: Trump Admin has yet to fully explain the exact math behind the number for the steel & aluminum tariffs.
“They've never given any justification why 25% is the right number, let alone why 50% is,”
“[Trump is] making it more expensive for domestic auto manufacturers to produce here, it’s an economically inconsistent, illiterate policy that seems to be hiding under the national security justifications.”
Australia’s Minister for Trade said that President Trump’s doubled charges were “unjustified and not the act of a friend.”
UK to meet w/ USTR next week for exemption after trade agreement in May
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