Risks To Donald Trump Metallic Price Lists: Ex-Trade Secretary Gutierrez

Gutierrez, who served under President George W. Bush, said Trump will probably be able to justify that steel imports are putting national security at risk.
President Donald Trump has “absolute authority” to cite national security concerns in order to impose tariffs on steel imports, but that doesn’t necessarily mean it is a good idea, former Commerce Secretary Carlos Gutierrez told CNBC on Friday.
The Commerce Department is currently investigating whether steel imports threaten U.S. security.
“That retaliation could come in the form of Chinese tariffs on U.S. imports, Gutierrez said.
Meanwhile, Axios reported Friday Trump is “hell-bent” on slapping tariffs potentially as high as 20 percent on steel.

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