A major economic story of 2018 has been the tariffs the White House has imposed on other nations and the resulting trade war from tariffs being imposed back on the United States. Initially, tariffs on steel and aluminum did not apply to materials produced in Canada, Mexico, and the European Union, but as the trade war has escalated, those markets’ imports now are subject to tariffs as well—25 percent on steel, 10 percent on aluminum.
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