Trade war? Trump orders big tariffs on steel, aluminum
March 2, 2018
WASHINGTON (AP) — Ordering combative action on foreign trade, President Donald Trump declared Thursday the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies.
With "trade war" talk in the air, stocks closed sharply lower on Wall Street.
Trump said firm action was crucial to protect U.S. industry from unfair competition and to bolster national security. However, his announcement came only after an intense internal White House debate. It brought...
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