Friday 1 June 2018

Trump Shocked Other Countries Can Do Tariffs Too


Trump has announced that he is putting tariffs on steel and aluminium. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss.

"The trade penalties, 25% on imported steel and 10% on imported aluminum, take effect at midnight, Commerce Secretary Wilbur Ross told reporters Thursday. Mexico, the EU and Canada immediately announced plans to retaliate with their own tariffs against American products.

Trump announced worldwide steel and aluminum tariffs in March but granted exemptions to some major trading partners. Canada, Mexico and the EU were among the countries granted relief while the United States pursued negotiations to address the administration's concerns about the state of domestic steel and aluminum production. Those negotiations had a Friday deadline.”

* Hosts: Cenk Uygur, Ana Kasparian | Cast: Cenk Uygur, Ana Kasparian