Trump Announces “Steep Tariffs” On Aluminum And Steel, Begins Next Week

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.

FOX Business

@FoxBusiness .@POTUS: “It’ll be 25% for steel. It’ll 10% for aluminum and it’ll be for a long period of time.” 12:09 PM – Mar 1, 2018

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



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