March 1st 2018 was the day that President Trump set into motion a contentious discussion of a potential global trade war – following his announcement of new tariffs on steel and aluminium
imports that would be implemented as soon as next week. President Trump announced steel tariffs of 25% and aluminium tariffs of 10%, with little else in detail – promising more information over coming days.
Section 232
According to recent research from Natwest, the tariff announcement came on the back of mounting discussions in February on Section 232 of the Trade Expansion Act of 1962 – which set in motion a review to investigate whether imports of aluminium and steel have a material impact on national security. As a...
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