Governor Hutchinson Concerned About New Trump Trade Tariffs

Governor Asa Hutchinson and other Arkansas trade officials awoke Friday  to fears of a possible international trade war after President Donald Trump moved forward Thursday with his threat to impose tariffs on countries that dump cheap steel and aluminum imports into the U.S. market.

Citing U.S. national security interest under Section 232 of the Trade Expansion Act of 1962, the U.S. Commerce Department at midnight imposed a 25% and 10% levy, respectively, on steel and aluminum imports from Canada, Mexico, and European Union countries after those three trading partners failed to come to terms on tariffs first announced on March 8th.

After EU, Canadian and Mexican officials announced late Thursday they would retaliate against the U.S. with levies on a long-list of American-made products ranging from apples and pork to whiskey and milled rice, concerns were already growing that Arkansas could be caught up in a full-fledged trade war with three of its strongest trade partners.    MORE

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