A finished steel coil is marked with its information by a worker at a mill in Farrell, Pennsylvania.
President Trump's new tariffs suggest he doesn't understand why American steel and aluminum have been hurt in the first place.
Bush, seen here in 2006, revoked his steel tariffs less than two years after imposing them in 2002.
President Trump slapped steep tariffs on steel imports, echoing protectionist measures taken by Bush in 2002.
There’s a reason investors don’t like trade wars.
AP Photo/Mark Schiefelbein
President Trump says 'trade wars are good,' but history tells a very different story.
China controls 50% of the global steel industry but doesn’t export much to America.
China supplies just 2% of America's steel, while Canada and Europe have sizeable shares and Australian steel producers depend on access to US markets.
Economic history suggests Trump’s ‘America First’ trade policies will put the U.S. last.
The president's tariffs on steel and China mirror the misguided trade policies that helped precipitate the Great Depression.
Trump has made pushing protectionism since the campaign.
AP Photo/Chris Carlson
The idea that the US is historically a free trading country is a myth. Here's why that's a good thing.
Australian Trade Minister Steve Ciobo (right) with Peruvian Foreign Commerce Minister Eduardo Ferreyros after signing a free trade agreement.
Australia recently signed a free trade agreement with Peru and more are on the way. At the same time it is part of a global trend of stealth protectionism among developed countries.
US President Donald Trump in 2017 and George W. Bush in 2008.
On March 1, Donald Trump imposed a series of steel and aluminum tariffs. To understand their potential impact, it's instructive to look at what happened after George W. Bush enacted similar measures in 2002.
Most of the growing number of jobs in the solar industry have more to do with maintaining and installing panels than manufacturing them.
The Trump administration can boost domestic solar panel manufacturing without slapping duties on all imports.
Lord Macartney’s first meeting with the Qianlong emperor in 1793.
"A study of History", Arnold Toynbee
What can we learn from the 19th-century Qing dynasty?
Manufacturing still receives 80% of net government assistance, largely due to the remaining small levels of tariff assistance, plus some budget measures.
Under current government policy we are penalising the sector of the economy where there is the largest proportion of existing employment and the best prospects for future growth.
May's government is evoking arguments made by the early 20th-century tariff reform campaign of Joseph Chamberlain.
Sparks fly: workers produce steel at a small plant in Shenyang, northeast China.
Politicians in Europe, the US and the UK have blamed steel industry woes on artificially cheap imports.
Will Trump’s America lose out on the next big thing in business?
Mexico and Canada are about to turn medical cannabis into North America's most lucrative new market.
During the US presidential election campaign, Donald Trump blamed NAFTA for US job losses.
Tracie Van Auken/EPA
There's ample space to renegotiate some terms from the original agreement that would improve social welfare across the region.
Jeremy Corbyn must work within the new reality.
Chris Radburn/PA Wire/PA Images
Labour must develop its pro-social and pro-working class agenda for an electorate that has been failed by globalisation and EU integration.
US President Donald Trump argues manufacturing jobs are being lost to imports and multilateral trade agreements.
A border adjustment tax would raise government revenue and boost jobs in export-driven industries, which tend to concentrate in the embattled manufacturing sector.
America first, but at what cost?
Trump paper via www.shutterstock.com
Trump's 'America first' rhetoric implies that the internationalism and ‘enlightened self-interest’ that built the postwar order was a big mistake. The evidence and basic economics disagree.
The Trump administration may prove to be a turning point for US-Australian relations.
Policymakers need to think outside the narrow confines of what has been regarded as “America first" policy postures that have dictated Australia’s foreign policy choices.
Donald Trump celebrates after delivering his inaugural speech.
The new president's inaugural speech emphasised protectionism, co-operation and, most emphatically, putting America first.