President Donald Trump today announced his plans to impose steep tariffs on imports of steel and aluminum at a meeting Thursday.
The news sent the stock market tumbling and left many GOP senators suprised by the move. Some senators even questioning if there was a better way to address the steel industries concerns.
The order that is currently being drafted implements a 25 percent tariff on steel imports and a 10 percent duty on aluminum, Fox Business reported.
Trump made the tariff announcement during a White House meeting with steel and aluminum industry executives. “What’s been allowed to go on for decades is disgraceful,” he said, according