US declares import duty on Steel and Aluminum

Question: What was the amount of import duty imposed by the US on Steel and Aluminum, respectively announced recently?
(a) 15 percent, 10 percent
(b) 20 percent, 15 percent
(c) 25 percent, 10 percent
(d) 30 percent, 25 percent
Answer: (c) 
related Facts:

  • In March 2018, the United States announced to impose an import duty of 25 percent on Steel and 10 percent on Aluminum in the country.
  • On March 8th, 2018, President Donald Trump signed the order for the duty.
  • America has granted exemption from this duty to two countries namely: Canada and Mexico.
  • This exemption will be effective until the negotiation is complete with the North American Free Trade Agreement (NAFTA).
  • This step of imposing duty on import of Steel and Aluminum in the US will initially affect the imports from China.

Reference:             
https://www.thehindubusinessline.com/news/world/trump-imposes-heavy-tariffs-on-steel-and-aluminium-imports-into-us/article22992419.ece