SCREENSHOT BBC Watch: Trump announces 25% tariffs on steel and aluminium imports
Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Leaders in Europe and Canada have said they will not let Donald Trump’s plans to hit their steel and aluminum exports with tariffs go unchallenged.
- Trump said he was “simplifying” the rules and the measures would boost domestic production.
- “This is a big deal, the beginning of making America rich again,” Trump said, signing the proclamation, which said the measures would come into force on 12 March.
- “Our nation requires steel and aluminum to be made in America, not in foreign lands,” he added.
- The US is the world’s largest importer of steel, counting Canada, Brazil and Mexico as its top three suppliers.
- Canada alone accounted for more than 50% of aluminum imported into the US last year.
- The tariffs will raise the cost of bringing the metals into the US, sparking concern among businesses in the US that rely on the imports and many world leaders because it will make it more expensive for companies to sell their products in the world’s largest economy.
- Trump officials said the latest moves were aimed at stopping countries such as China and Russia from avoiding tariffs by routing low-cost products through other countries.
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