Trump announces steel tariffs
President Trump said that steel tariffs would be announced Monday — and that reciprocal tariffs against, among others, the European Union, were coming early this week. Yet questions remain whether these tariffs will go into effect, or if their announcement is being used as a bartering chip, as with other tariff threats last week.The threat of tariffs reemerged after Trump met with Japanese prime minister Shigeru Ishiba last week to discuss Japanese investment in US Steel. This 25 percent tariff on imported steel and aluminum appears to be an attempt to protect US and Japanese shared interests. This tariff is set to be placed on all nations equally and is not a bargaining tool, unlike those with which Trump threatened Canada and Mexico last week.