The steel and aluminum tariffs are to be lifted within 48 hours of Friday’s announcement. The Trump administration did not give up on protecting metals all together. This is particularly interesting because Democrats have been demanding that the Trump administration renegotiate certain portions of the USMCA. The Trump administration may have decided that it could only conduct so many trade battles at one time. Those issues still need to be remedied.”The steel and aluminum tariffs have been a futile and costly experiment in protectionism.

Source: Forbes May 18, 2019 03:22 UTC