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For years, workers that forge steel and aluminum have united in pushing for import restrictions. President Trump has been listening, and has now suggested that the United States is likely to impose restrictions on imported metals.
Meeting with a bipartisan group of lawmakers, the president said such restrictions would help save struggling steel companies from foreign competitors that “dump” low-priced metal on American markets. “What we’re talking about is tariffs and/or quotas,” President Trump said.
“I look at it two ways: I want to keep prices down, but I also want to make sure that we have a steel industry and an aluminum industry, and we do need that for national defense,” he said.
The president faces a deadline of April 11 for a decision on steel, and a deadline of April 20 for a similar decision on aluminum.
For President Trump, Commerce Secretary Wilbur Ross, and others as they craft their decision on establishing tariffs or quotas on aluminum and steel imports.
About a potential revitalization of America’s steel and metals industries.
About countermeasures that could be taken by exporting countries.