Harley-Davidson already is being hit by a deepening slump in American motorcycle demand, which has spurred job cuts
India imports about 10 mt of ferrous and non-ferrous metal scrap from across the world of which US contributes nearly 20%
Commerce secretary Wilbur Ross played down the possible effects of the proposed tariffs on the US economy
The tariffs rest on a little-used legal provision that allows Trump to restrict imports to try to bolster American industrial base in interest of national security
While the obvious winners are American manufacturers that will likely become more competitive