SYDNEY: To a hammer, every problem looks like a nail. To US Commerce Secretary Wilbur Ross – who owes much of his personal wealth to buying US steel mills and selling them on – there’s no manufacturing problem that can’t be solved with metal tariffs.
President Donald Trump is considering actions to limit imports of steel and aluminum “in a very thoughtful and systematic way," Ross told CNBC Thursday. Decisions on the curbs, which could include charges as high as 53% on steel imports, are due in April.
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