In February 2018, President Trump pledged to impose a 25% tariff on steel imports and a 10% tariff aluminum imports into the U.S. A tariff is a tax on imports or exports between countries. The proposed tariffs would increase the cost of aluminum and steel imports into the United States. In promoting the plan, Trump predicted that the tariffs would revive the U.S. steel and aluminum industries which were heavily concentrated in the industrial Midwest. Supporters of the tariffs argue that U.S. steel and aluminum manufacturers have been wiped out due to low-cost competition from foreign manufa…
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