Commerce Secretary Wilbur Ross announced he initiated a so-called Section 232 investigation on auto trade, which would provide the legal basis to impose tariffs if his department finds imports threaten US national security

Wilbur Ross: ‘Economic Security Is Military Security’

“I don’t blame the foreign countries. They’re doing what is best for them. The stupidity is that we’ve let ourselves get into this box of extremely low [tariff] rates. We gave it away unilaterally,” Ross said.

-aluminum manufacture APDaniel R. Patmore

Trump Orders Investigation into National Security Threat of World Aluminum Excess

WASHINGTON, D.C.–On Thursday President Donald Trump signed a memorandum highlighting the importance of a new Department of Commerce investigation into aluminum imports to the U.S. and the threat to national security in light of global overcapacity and increasing U.S. military demand for high quality aluminum.

Mexico

President of Mexico wants to Negotiate that “Wall”

Although Donald Trump’s election was shocking to the Mexican government, President Enrique Pena Nieto was one of first world leaders to congratulate President-elect Trump and seems ready to negotiate a new economic deal to prevent a trade war.

Office of the Iranian Supreme Leader via AP

Iran’s Khamenei: ‘The Americans Cannot Be Trusted’

Iran’s Supreme Leader Ayatollah Ali Khamenei reiterated his distrust of the United States to the Iranian people on Monday and called for Iran to be self-sufficient in order to prevent reliance on Western powers.

China Trade Musadeq SadeqAP

30 Years of ‘Free Trade’ Brings 400% Trade Deficit with China

There is much debate over the negative effects of massive trade deficits, and what the best strategy for correcting them might be, but it’s hard to deny the U.S. trade deficit with China is staggering in scale … and it got that