The Trump administration is quietly preparing sweeping new trade policies to defend the U.S. steel industry, a move that could reverberate across global economies and incite other countries to retaliate.In a bid to keep his campaign promise to crack down on unfair trade practices, President Donald Trump is weighing trade restrictions on steel imports from countries like China, according to two administration officials.The prospect of new trade restrictions has already added to the souring of the United States’ relationship with international allies ahead of a gathering of the G-20 leading economies next month, heightening mounting frustration with Trump’s nationalist impulses.For …read more
Source: POLITICO – U.S. Edition
