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Section IV contributes to a discussion of what may be the most important part of the Constitution—the unwritten principles that are the foundation of individual rights and free government.
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President Donald Trump on Thursday, March 1, announced that his administration planned to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum. His argument was rooted in the notion that other countries' trade practices have undermined U.S. production and could potentially compromise national security at home.
While protectionists and free trade advocates erupted into a fierce debate, the stock market tumbled. The Dow Jones Industrial Average shed 420 points, or 1.68%, on Thursday, the S&P 500 lost 1.33% and the Nasdaq declined 1.27%.
It's important, then, to know how important steel and aluminum are to the U.S. economy.
After all, as much as 55% of a car's total weight comes from steel, according to the World Steel Association. Roughly 50% of steel use goes toward buildings and infrastructure. And about 16% of steel goes toward making mechanical equipment.
<span>The 17th century saw Sweden as an European "Great Power" and one of the major military and political combatants on the continent during the Thirty Years' War. By mid-century, the kingdom included part of Norway, all of Finland and stretched into Russia. Sweden's control of portions of modern Poland, Latvia, Estonia, Lithuania and Germany made the Baltic Sea essentially a Swedish lake.</span>
