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March 2, 2018

Will tariffs help U.S. or start trade war?

  • Trump's plan for steep tariffs on steel and aluminum imports brought harsh criticism from some Republicans and roiled financial markets.
  • By KEN THOMAS and PAUL WISEMAN
    Associated Press

    WASHINGTON — Ordering combative action on foreign trade, President Donald Trump declared Thursday the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners, and raising the prospect of higher prices for American consumers and companies.

    With “trade war” talk in the air, stocks closed sharply lower on Wall Street.


     
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