President Trump declared steel imports a national security threat last March and vowed to fight the metallic menace with a 25% tariff. As the President mulls a new tariff on European cars, it’s worth examining how his steel tariff policy is faring a year later by the standards of its own professed protectionist goals. • Trade deficit. “We need and we will get lower trade deficits, and we will stop exporting jobs and start exporting more products instead,” Commerce Secretary Wilbur Ross said last March after the President...

Source: Wall Street Journal March 17, 2019 23:15 UTC