Live Breaking News & Updates on China Overproducing Metal Like Steel

Molly henning berg is live in with the latest. what s the timeline on this? reporter: president trump intends to sign an executive order next week adding a 25% tax to imported steel and a 10% tax to importedded aluminum in part to counter other countries such as china overproducing metal like steel and dumping into it the u.s. market. president trump says he s trying the save the american steel industry and to fight back against an $800 billion trade deficit. and he responded today to threats of retaliation by the european union by tweeting, quote: if the e.u. wants to further increase their already massive tariffs and barriers on u.s. companies doing business there, we will simply apply a tax on their cars which freely pour into the u.s. they make it impossible for our cars and more to sell there. big trade imbalance. the details are expected to be released next week, and it s possible that certain countries could be exempted from these ....

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