Trump Signs Tariffs Proclamations for Steel, Aluminum

(From UPI)

President Donald Trump on Thursday, joined by steel and aluminum workers at the White House, imposed his promised industrial tariffs — 25 percent on imported steel and 10 percent on foreign-made aluminum.

Trump signed the tariff proclamations in a meeting with industry workers and officials — ushering in fiscal penalties that have drawn ire from world leaders and sparked fears of a trade war.

“A nation that does not protect property at home cannot protect its property abroad,” Trump said.

The White House said Canada and Mexico will initially be excluded from the tariffs, which will take effect March 23 — and will contain a clause to recognize relationships with other countries and offer some flexibility, while not imposing a national security or economic threat to the United States.

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