The Trump administration has not abandoned the intention to impose a new round of tariffs, this time on steel and aluminum imports. But in what could be read as uncertainty among the members of his administration, a planned announcement for today about the tariffs has been postponed, with no rescheduled time announced.
Just as an aside folks, remember, tariffs are taxes.
|White House planning major trade announcement Thursday on steel and aluminum imports|
President Trump has decided against announcing tariffs on steel and aluminum imports on Thursday after 18 hours of frenetic push-back from inside the White House and on Capitol Hill, two people briefed on the decision said.
Trump was scheduled to meet with steel and aluminum chief executives on Thursday and had planned to make an announcement about imposing tariffs on steel and aluminum imports, a decision that could impact U.S. manufacturing and global trade. The decision to go ahead with the process was made among a tight-knit group of top White House advisers and many others were kept in the dark into the evening Wednesday. But the precise nature and design of these tariffs proved too difficult to piece together by an announcement on Thursday and the announcement has been postponed, though not cancelled.