Steel, aluminium tariffs are an own goal

A warehouse at a steel plant in China’s northern Hebei province. Mr Donald Trump’s proposed tariffs may potentially induce some US manufacturers to offshore more of their production to countries where steel and aluminium prices are lower. PHOTO: AFP

The politics of America's rust-belt has finally spilled over into the world economy.

Ever since his election campaign in 2016, United States President Donald Trump has been threatening protectionist action in the name of saving some of America's beleaguered smokestack industries.

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