As I recall, it was none other than Lee Iacoca that railed against our government for fair trade laws back in the 1970s. Iacoca was the man who introduced the Ford Mustang when he worked for the Ford Motor Company. When he moved to Chrysler, he brought out the Mini-Van, which initiated the beginning of the huge SUV market. He argued that few if any American cars could be sold in Japan, due to restrictive tariffs and regulations. This, while the Japanese were dumping millions of cars into the U.S. without any tariffs being placed on them at all.
In all fairness, those once poor Japanese offerings, improved dramatically over the years, and their competition served to influence the quality of our own domestic brands.
One supposes, that following World War II, and the destruction of the Japanese and German economies, we were being overly generous in our trade negotiations with both Japan and Germany in order to revitalize their economies. But, at some point in time, that generosity had to cease. After decades of that generosity, we now find ourselves overwhelmed with Japanese automobiles and the like. Not that they are not excellent automobiles in their own right, but they have had a distinct advantage over us for all that time.
I cannot say whether this tariff on steel and aluminum will be met with retaliation by other nations, but it seems only fair that our imbalance of trade be more rational than it is now.
Jack Pierce, Mattoon