ABSTRACT

Section 232 Steel and Aluminum Tariffs: Potential Economic Implications [March 19, 2018]   [open pdf - 181KB]

"Effective March 23, President Trump will apply 25% and 10% tariffs, respectively, on certain steel and aluminum imports, from all countries, excluding Canada and Mexico at least at this time. These tariffs will affect various stakeholders in the U.S. economy, prompting reactions from several Members of Congress, some in support and others voicing concerns. In general, the tariffs would be expected to benefit the domestic steel and aluminum industries, leading to potential expansion in production in those sectors, while potentially negatively affecting consumers and downstream domestic industries (e.g., manufacturing and construction) through higher costs."

Report Number:
CRS Insight, IN10874
Author:
Publisher:
Date:
2018-03-19
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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