President Trump says he intends to impose stiff tariffs on imported steel and aluminum. Many experts say the costs of such a policy will far outweigh the benefits.
President Trump said Thursday that he would impose hefty tariffs on imports of both metals in the coming weeks — a move largely aimed at China. But a number of U.S. trade partners had harsh words.
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NPR's Ari Shapiro is joined by David Brooks of The New York Times, and Karen Tumulty of The Washington Post, to discuss tariffs on steel and aluminum imports announced this week and the internal dynamics of the White House.
The Trump administration proposed tariffs on all steel and aluminum imports Thursday. NPR's Ari Shapiro talks with professor Ned Hill, an economist at The Ohio State University who studies American manufacturing, about the impact these tariffs will have on steel-producing states.
Researchers at MIT said 30 percent of Uber and Lyft drivers are actually losing money after taking car expenses into account, while most drivers earn less than minimum wage.
The move announced Thursday is intended to bolster the domestic steel and aluminum industry, but manufacturers that use imported metal are concerned about the consequences of the change.
The president promised steel and aluminum executives that he will levy tariffs on imports of their products in coming weeks. The tariffs will be 25 percent for steel and 10 percent for aluminum.
This announcement brings the total number impacted by the massive hack to about 148 million people and renews lawmakers' scrutiny of the company's response to the data theft.