Trump blasted at home and abroad for plan to impose steel, aluminum tariffs
https://www.politico.com/story/2018/03/01/trump-steel-tariffs-432143
President Donald Trump's decision to impose tariffs of 25 percent on steel imports and 10 percent on aluminum reverberated across the world Thursday, spurring retaliatory threats from some of the nation’s closest allies and sending stock prices plummeting on investors’ fears of the global economic fallout.
European Commission President Jean-Claude Juncker called Trump's decision "a blatant intervention to protect U.S. domestic industry" under the guise of national security. He said he would submit a proposal in the next few days to hit back at the U.S.
The timing of the announcement also embarrassed Mexico and Canada, longtime allies and trading partners, which are in the midst of the seventh round of talks with the U.S. to renegotiate NAFTA.
Trump unveiled the planned tariffs, to be finalized next week, during a listening session at the White House with steel and aluminum industry leaders after a chaotic 24-hour period of debate among key members of his administration who appeared to push conflicting agendas.
The president’s decision, which fulfills a campaign promise to get tough on U.S. trading partners, pivots off of a pair of Commerce Department investigations that determined imports of steel and aluminum are eating away at domestic production capacity in those two sectors and pose a threat to U.S. national security interests.