Trump’s tariff proposals will impact on the entire steel sector

If the US exempts its allies from tariffs, it would also need some reassurance that those allies’ exports to the US will not skyrocket, says Daniel Gros.

The last-minute decision by US President Donald Trump’s administration to delay imposing steel (and aluminum) tariffs on Canada, the European Union, and Mexico for 30 more days will ostensibly give the US a chance to negotiate a longer-term arrangement with its trading partners. What should such an arrangement look like?

Trump is not the first US president to introduce protectionist measures on behalf of America’s steel industry.