Trump won’t exempt any country from imported steel tariff increase

White House Trade Adviser, Peter Navarro has said that President Donald Trump is not planning to exempt any countries from his increase in tariffs on imported steel and aluminum coming from foreign shores.

Navarro told CNN that final details on Trump’s anticipated 25 percent tax on steel imports and a 10 percent tariff on aluminum should be completed by later in the week or early next week at the latest.

Navarro said Trump “listens to all sides and makes the tough decisions. I think it’s the right decision.” He called it “a slippery slope” to target only some countries with increased tariffs while exempting others. He said there would be a mechanism to exclude some businesses, on a case-by-case basis, from having to pay higher prices for the imported metals.

Trump’s new tariffs for the key metals have drawn wide condemnation from business-oriented Republican lawmakers in the US, as well as key allied trading partners — Canada and the European Union.

Navarro dismissed concerns from defense department officials who voiced support for targeted tariff increases aimed at specific countries but not increases on the imported metals from throughout the world.

In another news talk show appearance, Commerce Secretary Wilbur Ross told ABC News that trump has talked with “a number of the world leaders” about his trade tariff plans.

DOWNLOAD THE ROCKCITYFM APP AND LISTEN LIVE

Please subscribe to our newsletter

CONTACT US

Do you have any request or enquiry? Do not hesitate to send us an email and we'll get back to you, asap.

Sending

©2020 RockcityFM The Voice of the People

Need Help? Chat with us
or

Log in with your credentials

or    

Forgot your details?

or

Create Account