Marine Link
Saturday, April 27, 2024

Trump: Some Country's Tariffs May 'Go Up or Down'

Maritime Activity Reports, Inc.

March 8, 2018

President Donald Trump said on Thursday he was sticking to his plans for 25 percent tariffs on steel imports and 10 percent on aluminum imports but would have flexibility to change those for specific countries.

"I'm sticking with 10 and 25 (percent) initially. I'll have a right to go up or down, depending on the country, and I'll have a right to drop out countries or add countries," he told reporters at the beginning of a Cabinet meeting at the White House.

Trump said he would be fair and flexible on the issue while protecting American workers.

The president's plans have irritated U.S. allies and sparked concerns about a trade war.
 
Reporting by Jeff Mason

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week