Rapid Policy Update (March 8th): United States moves forward with 25% Tariff on Steel and 10% Tariff on Aluminum Imports, Canada Exempted
· by Huzaifa Saeed
Thursday, March 8th, 2018: At 3:30 PM (ET), President Donald Trump signed an executive order, putting into place global tariffs of 25% on Steel and 10% on Aluminum Imports. These Tariffs were the outcome of a Section 232 of the US Trade Act investigation initiated by President Trump last year.
We were pleased to hear that Canada and Mexico were both given indefinite exemptions from the Tariffs, as stated by President Trump: “We’re going to hold off the tariff on those two countries to see whether or not we’re able to make a deal on NAFTA,” Mr.
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