Trump Announces Fresh Round of Tariffs

“President Donald Trump signed executive orders on Monday imposing 25-percent tariffs on imported steel and aluminum, the latest salvo in his ongoing effort to overhaul the U.S. trading relationship with the rest of the world,” the Washington Post reports.

“The president’s actions are designed to promote greater domestic steel industry production and employment. But they will increase costs for manufacturers that use the industrial metals to produce goods such as automobiles and appliances. Those higher costs are at odds with Trump’s repeated campaign promises to bring down the cost of living.”