Morning Business Report: Tariffs, price hikes, and a booming Nasdaq
U.S. steel and aluminum imports are about to get significantly more expensive, as tariffs on these goods are set to double to 50%.
(LILAMAX)- U.S. steel and aluminum imports are about to get significantly more expensive, as tariffs on these goods are set to double to 50%. President Donald Trump praised the move, crediting his administration’s trade policies with saving the U.S. steel industry. According to Trump, without the tariffs, American steel production would have been completely outsourced and domestic factories would have…