Trump Announces New Tariffs On Aluminum And Steel

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Trump made the announcement during a meeting with industry executives at the White House, arguing that domestic producers have been treated very unfairly by previous administrations.

“What’s been allowed to you go on for decades is disgraceful,” he said at the meeting. “And when it comes to a time when our country can’t make aluminum and steel and somebody said it before and I will tell you, you almost don’t have much of a country. Because without steel and aluminum, your country is not the same. We need it. We need it even for defense, if you think, we need it for defense.”

“We need great steel makers. Great aluminum makers for defense. So, we will probably see you some time next week. We will be signing it in. You have protection for the first time in a long while and you are going to regrow your industries. That’s all I’m asking. You have to regrow your industries.”

The rates for aluminum will be 10 percent, while steel will be affected at a rate of 25 percent, and have “no endpoint,” according to Fox News’ John Roberts.

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