Why steel and aluminum tariffs matter to the U.S. economy

Why steel and aluminum tariffs matter to the U.S. economy

The Trump administration has proposed steep tariffs on steel and aluminum imports. This would boost American business, but possibly have unintended consequences on the economy. Imports make up about 1/3 of the 100 million tons of steel and more than 90% of the 5.5 million tons of aluminum used in the American business sector. If these tariffs are approved, it could lead to a steep decline in imports.

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