Donald Trump’s proposed tariffs on steel and aluminium imports are a “black day” for the world, according to the chief executive of BHP.
Andrew Mackenzie’s comments on Tuesday came as reports suggested Trump would meet American steel and aluminium users at the White House later this week to hear their concerns about proposed tariffs of 25% on imported steel and 10% on aluminium.
The meeting organised by White House economics adviser Gary Cohn is part of a Republican rearguard action against the president’s plan, which House speaker Paul Ryan has called “extremely worrying”.
The Republican pushback, which was also supported by business groups who called the tariffs a tax on the middle class, helped shares in the Asia Pacific recover on Tuesday after slumping in the wake of Trump’s surprise announcement.
Source :- theguardian
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