03-03-2018, 07:01 PM
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#1348
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Trump is basing the "need" for the new tariffs on national security.
Quote:
On the steel front, domestic production is little changed from that of 20 or 30 years ago, and the U.S. military requires a mere 3 percent of this to meet its needs. Of the top 10 foreign suppliers of steel, meanwhile, China does not feature and six are countries with whom the United States has mutual defense arrangements.
Regarding aluminum, the Commerce Department admits that “defense-related products” require only 10 percent of U.S. domestic production. The No. 1 source of imports in 2016, meanwhile, was NATO-ally Canada, which accounted for more aluminum imports than the next 11 biggest sources combined.
Little wonder that Secretary of Defense James Mattis is said to be among those in the administration opposed to these tariffs and recently authored a memo expressing concern about the impact of their broad use on key allies.
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http://thehill.com/opinion/finance/3...lf-destruction
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