Trump to Order Steel & Aluminum Tariffs Next Week
SUGAR LAND--March 2, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--In Thursday's news conference with 15 executives from the steel and aluminum industry, President Donald Trump said he would sign an order next week to impose 25% tariffs on steel imports and 10% tariffs on aluminum imports. The blanket tariff was one of the options recommended by the Department of Commerce as part of the Section 232 investigation into whether high imports were a national security threat. Trump said the tariffs would be implemented for an indefinite period, with no exemptions to North American Free Trade Agreement (NAFTA) countries or other countries.
Within this article: Potential impact of import tariffs on domestic steel and aluminum firms.
Additional companies: AK Steel Corporation (NYSE:AKS), Nucor Corporation (NYSE:NUE), United States Steel Corporation (NYSE:X), TimkenSteel (NYSE:TMST), Century Aluminum Company (NASDAQ:CENX)
