Happy Friday. Thank you for reading on this whirlwind week, and here's to a relaxing weekend.
After railroading past a number of his advisors, Trump announced this week that he will be rolling out tariffs on imports of steel (at 25%) and aluminum (at 10%), citing national security concerns. In particular, administration officials have lambasted China as the source of unfair trading practices.
The reality: The U.S. imported $900.6 million in steel from China last year — a fraction of what the U.S. imported from several other trade partners. The stated intent is to hit back on China, but all these other trading partnerships are now facing strained ties, and could respond with their own tariffs.
Go deeper with Axios' Chris Canipe and Shannon Vavra...
How’s this for an advance-team challenge? A dog stands on the Mexico side of the current US/Mexico border with Trump's border wall prototypes peeking above. Trump will visit the border wall prototypes on March 13. (Photo by Mario Tama/Getty Images)
A Sopranos prequel is in the works, Deadline reports: