The Drums of War Echo Through Steel’s Scrapyard
Bloomberg reports that the current bout of protectionism is evoking a grim memory.
A soldier eats wheat and rice. An army eats steel and oil. That brutal fact helps explain the protectionist angst gripping the global metals trade. US President Donald Trump’s 25% tariffs on steel and aluminum from every other country on the planet went into effect last Wednesday. A wide range of steel products are also on the list of goods... ...
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