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Trump’s tariffs inch U.S. closer to a multinational trade war

Joe Mont | May 31, 2018

After months of threats, then retractions, followed by more threats, the White House on Thursday pulled the trigger on new steel and aluminum tariffs imposed on Canada, Mexico, and the European Union.

President Trump announced he was “taking action to protect America’s national security from the effects of global oversupply of steel and aluminum.”

In the initial proclamations of a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March, President Trump welcomed any country with which the United States shares a security relationship to discuss alternative means to address threatened impairment to the national security caused by their steel and aluminum exports to the United States. Thus far, the U.S. has reached an arrangement with South Korea on steel, which was announced on April 30. It has also recently reached...

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