Fears that tariff plan will hit US families in the pocket Trade wars

Workers at a South Carolina mill where sheets of hot steel are flattened into rolled steel. President Donald Trump is planning to impose tariffs of 25 per cent on steel imports and 10 per cent on aluminium imports from all countries. The tariffs will
Workers at a South Carolina mill where sheets of hot steel are flattened into rolled steel. President Donald Trump is planning to impose tariffs of 25 per cent on steel imports and 10 per cent on aluminium imports from all countries. The tariffs will benefit the US at least initially, but overall higher prices will be passed down the line to American consumers.PHOTO: NYTIMES
Workers at a South Carolina mill where sheets of hot steel are flattened into rolled steel. President Donald Trump is planning to impose tariffs of 25 per cent on steel imports and 10 per cent on aluminium imports from all countries. The tariffs will
REPUBLICAN SENATOR BEN SASSE

Trump's Republicans slam move as 'tax hike US people can't afford'

US President Donald Trump's plan to slap tariffs on imported steel and aluminium has sparked fears of a trade war that could hit American families in the pocket.

Key US allies such as Canada and the European Union - as well as Mr Trump's fellow Republicans - have criticised his intention to impose a tariff of 25 per cent on imported steel, and 10 per cent on imported aluminium.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Sunday Times on March 04, 2018, with the headline 'Fears that tariff plan will hit US families in the pocket Trade wars'. Print Edition | Subscribe