Ross also held up a Campbell's Soup can to illustrate what he called the negligible effect that steel tariffs would have. Trump has built a deep connection to the steel industry, rooted in promises he made on the campaign trail in 2016. As it happens, America's steel industry has received government protection from foreign competition for decades. In 2002, President George W. Bush imposed tariffs on steel imports to help a struggling steel industry. Since the United States joined the World Trade Organization in 1995, it has pursued only two such investigations.

Source: ABC News March 02, 2018 21:38 UTC