America’s European allies are campaigning to stop President Donald Trump from using national security grounds to slap restrictions on foreign steel imports.
Commerce Secretary Wilbur Ross said Monday the administration is ready to take “bold action” to limit imports of steel, even though the Commerce Department’s investigation into the supposed national-security risks from relying on imported steel is still ongoing.
Though the administration has touted the action, which could include tariffs or quotas or both, as a move to check China’s abusive trade practices, NATO allies are concerned that they’ll feel the pinch a lot more than Beijing.
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