The Trump administration says a steel tariff will be announced in the next two weeks to preserve American industries. John Stossel says that won't work.
George Bush tried a similar tariff. Steel production hardly rose at all, and 200,000 jobs were lost in American industries that depend on steel.
Trump is also using the 25% tax as leverage to get Canada and Mexico to renegotiate the North American Free Trade Agreement (NAFTA). He calls the current deal "such a disaster."
But Stossel says NAFTA has been good!
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