(Shelley Goldberg – Bloomberg)
President Donald Trump is using national security to kowtow to an industry in a conundrum. In April, the administration opened an investigation into the impact of imported steel and aluminum that is expected to result in tariffs or quotas on imports of these important metals. The probe fits with Trump’s core trade pledge to shake up the old order while trumpeting “America First.” But proving metal imports pose a national security threat will be a considerable challenge.
Although much of the focus has been on steel, the ramifications for aluminum are also significant and could have broad repercussions for many other industries and for the U.S. economy as a whole. The amount of aluminum consumed by the U.S. military is insignificant in the scope of the total. Most of the metal imported by the U.S. comes from nations such as China and Canada, and typically serves civilian uses for automobiles, packing, roofing, road signs and consumer durables, none of which implicate national security. Click here to read more.