This week we take a closer look at President Trump’s recent imposition of tariffs and the potential impact on exporting states and key industries.
On Thursday, March 8, President Trump signed proclamations imposing a 25% tariff on steel and a 10% tariff on aluminum which, at least temporarily, exempted NAFTA partners Canada and Mexico. The tariffs are slated to begin 15 days from the signing. This action by President Trump follows his campaign promises to implement a more protectionist trading regime (or put America first – political perspective dependent), a topic Lumesis’ Eli Molin explored just prior to the President’s inauguration. As the administration implements these tariffs and continues to renegotiate NAFTA , we will update Eli’s piece with new data and a refined focus as the specificity of the tariffs become more apparent.