Written by Editor on March 3, 2018
Donald Trump’s plan to impose a twenty five per cent tariff on steel imports and ten per cent on aluminum has continued to receive criticism.
The latest is from the International Monetary Fund, IMF.
The body has warned that such a move would hurt the U.S as well as other countries, as they could follow the precedent of Donald Trump by claiming tough trade restrictions were needed to defend national security.
Canada, the largest supplier of steel to the U.S, has said the tariffs would cause disruption on both sides of the border.
The country said it will consider retaliatory steps if the U.S President presses ahead with his plan next week.