U.S. President Donald Trump speaks during a March 1, 2018, meeting at the White House with steel and aluminum industry leaders. Trump said he will formally announce a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports next week.
(MANDEL NGAN/AFP/Getty Images)
A chaotic series of events unfolded at the White House after news broke late on Feb. 28 that President Donald Trump would announce his decision on import tariffs on steel and aluminum the next day. But reportedly, many senior administration officials had been caught off guard by the news of a planned announcement, and no decision on tariffs had been made. And then during a March 1 meeting with executives from the steel and aluminum industries, Trump said he will formally announce a 25 percent tariff on steel imports and a 10 percent tariff on aluminum next week. The details clearly remain unresolved as legal teams continue to pore over the final text, but action also clearly looms.
Nearly two weeks ago when the U.S. Commerce Department released its report on whether steel and aluminum imports threaten to impair U.S. national security, Stratfor wrote a guidance outlining what we would be...