Key take away – Trump’s 25% steel and aluminium tariffs – NO EXEMPTIONS or EXCEPTIONS

Exporters of steel to the US will be slammed hard.

Details are here:

• White House says 25% steel tariffs will apply to all countries

Key takeaway is “no exceptions, no exemptions”.

More:

• Trump says also looking at tariffs on cars, chips and pharmaceuticals
• does not mind if other countries retaliate

Trump has said, though, that he will ‘consider’ an exemption for Australia.

This article was written by Eamonn Sheridan at www.forexlive.com.