The US dropped its steel tariffs against Canada and imports ~$325 billion in goods from Canada (equal to ~19% of their economy). Canadian steel represents <2% of that.
Meanwhile the US is going to allow Infineon to buy Cypress, an important US semiconductor company.
The US will have roughly a $21.x trillion economy at the end of 2019. The scale of non-China tariffs is entirely trivial, meaningless. So far there has been very little in the way of actual hits and targeting from tariffs - on the grounds of national security or otherwise - outside of the trade conflict with China.
By the numbers, the only country that has actually taken a hit with tariffs is China (in case you missed the news, Mexico bent over pretty quickly).
The response misses the point that the US is saber-rattling to keep other countries in line. China is the only country to actually challenge the US, so now the US has to show everyone who’s boss.
The US dropped its steel tariffs against Canada and imports ~$325 billion in goods from Canada (equal to ~19% of their economy). Canadian steel represents <2% of that.
Meanwhile the US is going to allow Infineon to buy Cypress, an important US semiconductor company.
The US will have roughly a $21.x trillion economy at the end of 2019. The scale of non-China tariffs is entirely trivial, meaningless. So far there has been very little in the way of actual hits and targeting from tariffs - on the grounds of national security or otherwise - outside of the trade conflict with China.