On Feb. 10, U.S. President Donald Trump signed an order to introduce 25% tariffs on steel and aluminum imports (effective March 4). This is in addition to the 10% tariff on imports from Mainland China, and will add about another 0.5 pp to the average effective tariff rate on U.S. imports, bringing it to about 5.0%, up from about 3.0%…
Read MoreBMI quick view: steel tariffs a sign of more restrictions ahead
