US President Donald Trump has officially announced steep tariffs on imported steel and aluminum, but exempted Canada and Mexico.
Defying his own party and delivering on a campaign promise to fight unfair practices by America’s trading partners, Trump signed paperwork enacting tariffs of 25 percent on steel and 10 percent on aluminum during a ceremony at the White House.
“Today, I am defending America’s national security by placing tariffs on foreign imports of steel and aluminum,” said Trump who was flanked by steel and aluminum workers.
Trump said the American steel and aluminum industry has been “ravaged by aggressive foreign trade practices.”
He described the dumping of steel and aluminum in the United States as “an assault on our country.”
“If you don’t want to pay tax, bring your plant to the USA,” he said.
The president temporarily exempted the countries from the tariffs that “treat us fairly on trade,” a…