Now that the Commerce Department has classified foreign steel and aluminum imports as a threat to national security under Section 232, the debate over tariffs is heating up.  Commerce's recommendations include duties of 24% on steel and 7.7% on aluminum, as well as quotas to peg U.S. imports of the two metals to a fraction of current levels. The ball is now in Donald Trump's court to decide, between now and April, whether heavy tariffs should come into play or not.  The president wants to do right by the Rust Belt, but would tariffs really make American manufacturing great again? The question is much trickier than it seems at first glance.  The Heritage Foundation – which boasted in January that the White House embraces two thirds of its ideas – has warned that tariffs always come with unintended consequences and may ultimately do more harm than good.  Not only are tariffs among the "least...(Read Full Article)