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Trump plays trade war in ‘old-school way’ with steel tariffs
Sky News host Paul Murray discusses US President Donald Trump vowing to increase tariffs on steel. “Remember, orange man bad, […]
15 hours ago
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Trump plays trade war in ‘old-school way’ with steel tariffs
Sky News host Paul Murray discusses US President Donald Trump vowing to increase tariffs on steel.
“Remember, orange man bad, so as we know the word tariff is really tax, a little bit like levy and if you put a charge on top of everything that crosses your borders apparently the rest of the world does not like it,” Mr Murray said.
“This is an old-school way of playing trade in a global economy.”
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Trump’s trade war claims a new casualty: Steel
President Trump is launching a new trade war, this time targeting steel, raising the tariffs from 25 percent to 50 percent. CNBC Senior Analyst, Ron Insana and James Sample, a law professor at Hofstra University, break down what it means for business and consumers.
