U.S. President Donald Trump’s trade tariffs on Chinese steel and aluminum aren’t actually about helping American businesses.
Sure, POTUS said on March 1 that he was proposing the 25% tax on steel and 10% levy on aluminum in order to bolster the U.S. steel and aluminum production industries.
But Chinese steel exports to the United States are negligible – just1.1%of the world’s availability, according to a report from Global Steel Trade Monitor released this month.
So the actual impact of the tariffs would ultimately be too small to affect meaningful change in the U.S. economy.
But while the pundits and politicians are arguing that these tariffs “won’t work,” we know the truth.
This is President Trump’s latest power play…
Trump Is Sending China a Message