The Presidential Daily Brief


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    Trump Imposes Tariffs, Mexico and Canada May Be Spared

    President Donald Trump has officially approved steep and controversial new import duties on steel and aluminum, despite opposition from 107 House Republicans who had asked him to reconsider. Yesterday, White House trade adviser Peter Navarro said Canada and Mexico will initially be exempt — but that a permanent deal will depend on what concessions they make in NAFTA renegotiations. China’s foreign minister, meanwhile, has cautioned that trade war is a “mistaken prescription.” The new tariffs — 25 percent on steel, 10 percent on aluminum — reportedly take effect in 15 days.

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