U.S Tariffs on Steel and Aluminum: Implications

Name Institutional Affiliation Course Title Instructor Date U.S Tariffs on Steel and Aluminum: Implications What Is the Trump’s Administration’s Rationale for Imposing Tariffs on Imported Aluminum and Steel? The rationale behind Trump’s focus on imposing tariffs on imported aluminum and steel comes amid the degrading of the American industrial base. Steel and aluminum firms in the United States have long complained of unfair trade practices by foreign competitors, in particular, Chinese subsidies, which stimulate the production (Schlesinger and Mauldin n.p). Consequently, the global markets become flooded with metals, leading to falling in prices, and a U.S. economy with insufficient production. Following increased flooding of cheap metals into the country, mainly from China, the U.S. seeks to avert the situation to protect national security. With tariffs on aluminum and steel, the state stands to gain from fair trade practices and policies (Irwin np). According to the president, the United States should not allow organizations and workers be taken advantage of. Given a 25% tariff on imported steel and a 10% tariff on imported aluminum, trade practices from other nations endangering American domestic production become avoided. Should the U.S. Impose Tariffs on Aluminum and Steel? Typically, tariffs are tools use...