WASHINGTON, District of Columbia- President Donald J. Trump says he is addressing unfair trade practices in the steel and aluminum industries by putting in place a 25 percent tariff on steel imports and 10 percent tariff on aluminum imports.
“Economic vitality, growth, and prosperity at home is absolutely necessary for American power and influence abroad,” the President says. “A Nation that does not protect prosperity at home cannot protect its interests abroad.”
A few key details about these Proclamations:
- Tariffs on steel and aluminum are anticipated to reduce imports to levels needed for these American industries to achieve long-term viability.
- The strengthening of the U.S. domestic steel and aluminum industries will reduce our reliance on foreign producers.
- President Trump is welcoming any country with which we have a security relationship to discuss alternative ways to address these concerns.