President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K., the first deal since Trump imposed broad tariffs on foreign nations last month.
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President Trump imposed a 25 percent ad valorem tariff on steel. When questioned whether the tariffs were permanent, President Trump’s Senior Counselor for Trade and Manufacturing, Peter Navarro, responded that the tariffs are “permanent because the problem is permanent.”
Navarro is right. America’s steel industry has been brutalized for 50 years by unfair trade with the Third World.
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President Donald Trump announced 25% tariffs on steel and aluminum imports on Monday, targeting critical industrial goods after shoring up trade relations with Japan and setting the stage for what is expected to be a lengthy economic showdown with China.
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