Table of Contents
Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Heavy Tariffs on Imported Steel & Aluminum

Trump’s Import Tariffs

On 7th March, President Trump signed into order new heavy tariffs on imported steel and aluminum. The tariffs go into effect on 23rd March and include exemptions for Canada and Mexico. The steel tariff is to be set at 25% and the tariff on aluminum will be 10%. Countries who are major exporters of steel and aluminum to the U.S.A. have been scrambling to exert pressure on the U.S. to be included as either a full or partial exemption to the new tariffs, as Canada and Mexico already have been. The European Union has expressed the opinion that as a major and close ally of the U.S.A. it should be exempt, and there is no doubt there is a vigorous negotiation going on behind the scenes.

President Trump’s announcement of the tariffs takes him back to the “America first”, Bannon political roots of his presidency. His announcement was met with predictable howls of outrage from globalists and economists in both the Democratic and Republican parties who see the impossibility of starting and winning a trade as well-established universal wisdom. They say that the benefits President Trump might secure for the benefit of American industry will only be met by reciprocal burdens imposed by other countries as a tit-for-tat measure, as he focuses on the meal in front of him while forgetting he can also be “eaten” by somebody else. Knowing the President, though, one thing he can’t stand is other countries free-riding off America, such as the European Union’s acceptance of American defense while it outspent America on welfare and health care. President Trump may well be able to strike a better deal for America, but there is likely to be serious room for negotiation before the tariffs come into effect on 23rd March. Team
About Team
The team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

Most Visited Forex Broker Reviews