Higher Tariffs?
A widely-cited AXIOS report indicates the President intends to impose 20% tariffs on Steel and possibly other imports, against the advice of his cabinet. Other products under scrutiny include Aluminum, Solar Cells and Washing Machines.
More expansive than Antidumping or Countervailing Duty, Section 232 of the Trade Expansion Act of 1962 (Sec 232 – National Security: Steel, Aluminum) and Section 201 of the Trade Act of 1974 (Sec 201 – Global Safeguards: Solar Cells, Washing Machines) permit the imposition of trade barriers, including increased duties, across all origins and, is not trading-partner specific.