The Trader 

Market Outlook: Trump’s tough tariff talk

The Trader

As promised in his election campaign, President Trump says he will impose a 10 per cent import tax on aluminium and a 25 per cent one on steel, where the US is the biggest importer in the world.  Interested nations reacted predictably.  Interestingly the Benelux Customs Union entered into force in 1948, a pre-cursor to the EEC, and was created to protect the coal and steel industries of Belgium, the Netherlands, and Luxembourg.   

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