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Trade War? Trump Announces Steep Tariffs On Steel, Aluminum

2,670 views · Published 2 March 2018 · 5:22 · Indexed 28 October 2026

Channel: Roland S. Martin · 2018 · News & Politics

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On Thursday, President Donald Trump announced tariffs on imported steel and aluminum. The decision upset Republicans, caused the stock market to plunge more than 400 points and may have started a trade war.

Trump said he has decided on tariffs of 25 percent or foreign-made steel ad 10 percent for aluminum.

What impact will Trump’s tariffs have on Americans? Many believe the import taxes will raise the prices of aluminum and steel products, increase the price of doing business for many companies who will pass the increased cost on to consumers.

On Friday Trump tweeted: "When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win," Trump tweeted Friday morning. "When we are down $100 billion with a certain country and they get cute, don't trade anymore – we win big. It's easy!"

Do you support Trump's proposed steel and aluminum tariffs? What impact will this have on the US economy? Are you willing to pay more for products that incorporate steel and aluminum? Sound off in the comments. 

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