Trump Sets 25% Tariffs on Steel, Aluminum, Widening Trade War

It will obligate other countries to respond. So we're going to see deterioration, and I think worst of all, from Mr. Trump's point of view, is we're going to see a little bit of inflationary pressure as well,

Lavin said

If they charge us, we charge them. If they're at 25 [percent] we're at 25, if they're at 10 we're at 10, And if they're much higher than 25, than that's where we are at too,

Trump said Monday

Trump was angry at the U.S. Fed last time when there was no easing. Well, there's not going to be any easing next time either, if he keeps these tariffs in place,

he said

But when you're talking about a global tariff on steel and aluminum and a tariff on China, you're not going to see a quick response and a quick resolution of these matters,

he said

What is the use of WTO membership when one of the biggest countries in the world can threaten tariffs for national security reasons in such an aggressive way?"

she asked, referring to the World Trade Organization

It's not a tariff per se, it is an action of domestic policy,

Trump's commerce secretary nominee Howard Lutnick told lawmakers at his confirmation hearing last month

I don't think anyone should be surprised about these tariffs or tariff threats,

said Christine McDaniel, a senior research fellow at the Mercatus Center

This is really damaging the United States' reputation, and I think that's something we need to be concerned about in the long term,

she said

It's definitely upsetting the applecart in terms of how we've been thinking about the role of international trade institutions, international trade rules and trade agreements,

she said

You are the president who is standing up for the American steelworker, and I am just tremendously impressed and delighted to stand next to you,

Lutnick said

This isn't just about trade. It's about ensuring that America never has to rely on foreign nations for critical industries like steel and aluminum,

Navarro said

This is the beginning of making America rich again,

he said, dragging his distinctive jagged signature over the paper

It's not clear whether this is a negotiating strategy, whether this is going to be permanent,

said Professor Sunderesh Heragu of Oklahoma State University

It clearly causes a lot of confusion, and you know, businesses, again, hate uncertainty,

Heragu said

There are no winners in trade wars and tariff wars,

said Guo Jiakun, a spokesperson for China’s Ministry of Foreign Affairs

It’s a big deal,

Trump said, the thick black marker in his right hand hovering over the executive order

Unless the Trump administration offers numerous exemptions to US importers of steel and aluminium, US consumers can expect increased prices and production shortages, particularly in areas like the US auto industry, which routinely uses foreign inputs for domestic production,

Stanaitis told Al Jazeera

Our nation requires steel and aluminium to be made in America, not in foreign lands. We need to create in order to protect our country’s future,

Trump said as he signed the orders

We have a surplus with Australia, one of the few,

Trump said

Not surprisingly, everything from ‘door frames’ to ‘alcoholic beverages’ have of late been subject to new import barriers in the developing world on the grounds of national security,

Steil said