U.S. Industry Sharply Divided on Trump's Tariff Plans; Steel Cheers, Manufacturers Recoil

SUGAR LAND--March 5, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. President Donald Trump doubled down in defending his decision Thursday to slap a 25% tariff on steel imports and 10% tariff on aluminum--a decision that sent markets tumbling toward the end of last week, drew praise from the domestic steel industry, and raised the ire of foreign governments, domestic manufacturers and some members of the president's own party. Industrial Info is tracking about $15.4 billion in active projects at steel mills across the U.S., including $9.2 billion that are set to begin or end construction this year.

Within this article: Details on how different industries are reacting to Trump's decision, including companies such as Nucor Corporation (NYSE:NUE), AK Steel Corporation (NYSE:AKS), United States Steel Corporation (NYSE:X), Electrolux Group and Campbell Soup Company (NYSE:CPB), and relevant projects from those affected.