“I think it would have been better to make this explicit when they laid out the tariffs,” Mr. Scott said. “While serious problems persist in the global steel market, President Trump’s steel and aluminum tariffs were a blunt and misaimed response,” J. D. Foster, the chief economist for the U.S. Chamber of Commerce, wrote on Friday morning. Other supporters remain optimistic that Mr. Trump will succeed in using the threat of tariffs to win concessions from trading partners that benefit America. On Thursday, the United States temporarily exempted the European Union, Canada, Mexico, South Korea, Australia, Argentina and Brazil from the tariffs. Advertisement Continue reading the main storyInside and outside Congress, trade experts have found themselves guessing at what is coming next on trade, and whether Mr. Trump has a broader strategy.

Source: New York Times March 24, 2018 12:00 UTC