Under the Trump administration, the US has opted to impose tariffs on steel and aluminum on imports. This has come not without controversy, as some observers view it as an overtly protectionist move by a nationalist administration. Others, meanwhile have applauded the administration for standing up for local manufacturers, and pushing back against cheap imports. What are the benefits and drawbacks from such a policy change, economically? What are the political ramifications of such a move, domestically as well as internationally?
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