The government shouldn’t pick winners and losers in the economy. That includes trade policy. On Thursday, President Donald Trump imposed a 25 percent tariff on steel and a 10 percent tariff on aluminum with the ability for countries to negotiate exclusions.
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Unswayed by Republican warnings of a trade war, President Donald Trump ordered steep new tariffs on steel and aluminum imports to the U.S. on Thursday, vowing to fight back against an “assault on our country” by foreign competitors.