As promised, US President Donald Trump has followed through with his proposal to impose hefty tariffs on imported steel and aluminium. Just a few days after voicing the idea at a meeting with steel and aluminium industry executives, Trump has signed the order to make it official. The new tariffs – 25% on steel and 10% on aluminium – take effect in 15 days. The auto industry, which heavily relies on these materials for production, has been watching developments closely….
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March 21, 2019