Department of Commerce Secretary Wilbur Ross is urging President Trump to impose tough tariffs on aluminum and steel imports to protect American industries and increase domestic production in the latest effort to fulfill the “America First” economic nationalist agenda of the White House.
On Friday, Ross announced multiple recommendations to Trump on how to deal with the massive amount of imported aluminum and steel flooding the U.S. market.For steel imports, Ross is asking Trump to impose:
- A global tariff of at least 24 percent on all steel imports from all countries
- Or, a tariff of at least 53 percent on all steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Republic of Korea, Russia, South Africa, Thailand, Turkey, and Vietnam
- Or, “a quota on all steel products from all countries equal to 63% of each country’s 2017 exports to the United States.”
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- A tariff of at least 7.7 percent on all aluminum imports from all exporter countries
- Or, a 23.6 percent tariff on all products from China, Hong Kong, Russia, Venezuela, and Vietnam
- Or, “a quota on all imports from all countries equal to a maximum of 86.7% of their 2017 exports to the United States.”
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