situation report

Feb 16, 2018 | 21:23 GMT

1 min read

U.S.: Commerce Department Recommends Steel, Aluminum Tariffs

A U.S. Department of Commerce report released on Feb. 16 found that steel and aluminum imports threaten U.S. national security. U.S. Secretary of Commerce Wilbur Ross has recommended several options to U.S. President Donald Trump, including imposing a global tariff of at least 24 percent on all steel imports or at least a 53 percent tariff on all imports from 12 countries, including China and Russia. The report also recommends a 7.7 percent global tariff on all aluminum imports or a 23.5 percent tariff on products from China, Hong Kong, Russia, Venezuela and Vietnam. Trump is required to make a decision on the steel and aluminum recommendations by April 11 and April 19, respectively. 

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