president trump s tariffs on steel and aluminum imports are reality. a 25% tariff on steel and 10% on foreign aluminum. canada and mexico are exempt for now. the move is the rattling u.s. allies and laying bare fault lines within the gop. the president framed the decision as keeping a campaign promise and he railed against the trade practices he blames for decline of american manufacturing. > the american steel aluminum industry has been ravaged by aggressive foreign trade practices. it s really an assault on our country. it s been an assault. the president is using an an obscure national security provisionings to could the tariffs. to exclue canada and mexico coundercut that rationale. other countries can apply for exemptions but the flexibility didn t satisfy paul ryan. arizona senator jeff flake is
we ve never done this is because it would legitimize the north korean leader by being in the room with the president of the united states. like you said, many questions. we ll check with you again next half hour. andrew stevens, thanks. president trump s tariffs on steel and aluminum imparts are now reality. a 25% tariff on steel, 10% on aluminum in two weeks. canada and mexico are exempt for now. the move is rattling u.s. allies and laying bare fault lines within the gop. president framed it as keeping a campaign practice. he blames the trade practices for the decline of american manufacturing. american steel aluminum industry has been ravaged by aggressive foreign trade practices. it s really ar assault on our country. it s been an assault. . the president is using an obscure provision to impose
tariffs but excluding canada and mexico in nafta negotiations could undercut that national security rationale. other countries can apply for exemptions. that didn t satisfy paul ryan. he is pushing back strongly against the tariffs and jeff flake is threatening legislation to nullify the tariff. markets seem relieved that tariffs allowed for exemptions. some talking about a suisse cheese kind of a trade policy that you know, blunts some of the president s biggest intentions here. there are still fears of a trade war. the head of the european participant promises attorney respond firmly. south korea says it will respond, as well. that s fascinating geopolitically. this came a few hours after the south announced the u.s./south korea talks. retaliation against u.s. goods is likely with many american industries caught in the crossfire. u.s. barbers in particular could