March 5, 2018
President Trump’s administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying Sunday that the president is not planning on exempting any countries from the stiff duties.
Speaking on CNN’s State of the Union, White House trade adviser Peter Navarro said: ‘At this point in time there’s no country exclusions.’
On, NBC’s Meet the Press, Trump’s Commerce Secretary Wilbur Ross said he believed the tariffs would got into effect this week. ‘I have no reason to think otherwise,’ Ross said. ‘The markets started recovering on Friday as it began to adjust to the realities that this is not the end of the world.’
Ross also addressed the announcement’s timing, which seemed rushed. ‘It wasn’t sudden,’ Ross said. ‘With a whole year of preparation, I don’t know why anybody should’ve been so shocked.’
Trump’s announcement Thursday that he would impose tariffs of 25 percent and 10 percent, respectively, on imported steel and aluminum, roiled markets, rankled allies and raised prospects for a trade war.
This article was posted: Monday, March 5, 2018 at 7:45 am