Part of the challenge for the administration will come from the pushback the tariffs are sure to get from U.S. trading partners, from Congress, and from U.S. businesses that use steel and aluminum.
Key U.S. allies have already indicated that they will retaliateimmediately.
Jobs in U.S. industries that use steel or inputs made of steel outnumber jobs in steel production by roughly 80 to 1.
A predictable target for this kind of retaliation is U.S. agriculture, which our trading partners often single out when responding to protectionist U.S. actions.
Many U.S. producers, such as car makers, which accounted for 26% of demand for steel in the U.S. in 2017, use these products as inputs in their finished products, and when tariffs are imposed and lead to increased prices, their competitiveness suffers.
As a result, the U.S. might be able to avoid a WTO ruling against it.
With the U.S. having opened the door, other governments may decide to rush through.
https://www.cato.org/publications/commentary/threat-trade-war-opposite-drain-swamp
Key U.S. allies have already indicated that they will retaliateimmediately.
Jobs in U.S. industries that use steel or inputs made of steel outnumber jobs in steel production by roughly 80 to 1.
A predictable target for this kind of retaliation is U.S. agriculture, which our trading partners often single out when responding to protectionist U.S. actions.
Many U.S. producers, such as car makers, which accounted for 26% of demand for steel in the U.S. in 2017, use these products as inputs in their finished products, and when tariffs are imposed and lead to increased prices, their competitiveness suffers.
As a result, the U.S. might be able to avoid a WTO ruling against it.
With the U.S. having opened the door, other governments may decide to rush through.
https://www.cato.org/publications/commentary/threat-trade-war-opposite-drain-swamp
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