Will Investors Shrug Off Trump’s Tariffs?: DealBook Briefing<br />Mr. Trump said he would formally sign the trade measures next week<br />and promised they would be in effect “for a long period of time.” The trade measures would impose tariffs of 25 percent on steel and 10 percent on aluminum.<br />The announcement capped a frenetic and chaotic morning inside the White House as Mr. Trump summoned more than a dozen executives from the steel<br />and aluminum industry to the White House, raising expectations that he would announce his long-promised tariffs.<br />Kushner and Ivanka have to decide if they’d serve themselves and the president better by walking away from their formal White House roles.”<br />The politics flyaround<br />• The White House is set to announce new tariffs on steel and aluminum imports, according to unidentified sources.<br />Compare that with March 2002, when President Bush introduced his trade restrictions: The Fed was cutting interest rates, a policy stance<br />that can help support the economy and the stock market; stocks were nowhere near their peak of two years earlier; and President Bush’s administration was, overall, globalist in its outlook and didn’t want to become isolated ahead of the Iraq war.
