US Steel Tariffs Have Hit Smaller and Poorer Countries the Hardest

摘要

President Donald Trump's steel tariffs hit almost all US trading partners large and small with the same penalty: a 25 percent duty on imported steel. The main victims included China, Canada, Mexico, and the European Union-all of which then retaliated as part of Trump's trade war. But a little-noticed and little-appreciated aspect of these particular tariffs is that they also hurt smaller and poorer steel-producing countries-and inflicted pain on them disproportionately.