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    Leibowitz: Trade — bedrock economic relationships are circling the drain

    Written by Lewis Leibowitz


    Which is more important: producers or consumers?

    New (and arbitrary) steel and aluminum tariffs took effect last Wednesday. Based on the Section 232 trade restrictions initially imposed in 2018 – and kept by the Biden administration – they abrogate agreements between the US and Canada, Mexico, the UK, the EU, Argentina, Brazil, and Australia. They have triggered massive retaliatory moves by Canada and the EU and undoubtedly will trigger more.

    Lewis Leibowitz, SMU Contributor

    Lewis Leibowitz

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