In April last year, Trump ordered the Commerce Department to study the impact of steel and aluminum imports on national security under seldom-used section 232 of the 1962 Trade Expansion Act.
Two weeks ago, the Commerce Department unveiled its recommendations for Trump to restrict imports of steel and aluminium products due to national security concerns, which drew oppositions from U.S. lawmakers and businesses.
According to the recommendations, the United States could introduce at least 24 percent tariff on all steel imports from all countries and at least 7.7 percent tariff on all aluminium imports from all countries.
Trump's announcement on Thursday was higher than both recommendations.
Wendy Cutler, former Acting Deputy U.S. Trade Representative and now vice president at the Asia Society Policy Institute, said "the imposition of tariffs on steel and aluminum will also reverberate throughout the U.S. economy and possibly negate some of the benefits of the recent tax cuts."
"Downstream users, such as the automotive, aircraft, and boat industries, will pay more for inputs," she said.
"This decision appears to closely reflect one of the Commerce Department's options for across the board action with no country exemptions, meaning it could also impact U.S. allies, including Japan, Korea, Canada and Mexico," she said.
The Department of Defense (DoD) has cautioned against a backlash from U.S. allies like Canada and South Korea.
【国际英语资讯:Trump says U.S. to impose tariffs on steel, aluminum imports】相关文章:
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