Tariffs Boost U.S. Steel Companies' Expansion Plans

SUGAR LAND--June 28, 2108--Researched by Industrial Info Resources (Sugar Land, Texas)--As the Trump administration rolls out its 25% tariff on steel imports into the U.S., the controversial tariff is aiding U.S. steel companies in their plans for expansion. Trump's intention to institute the tariff was announced on March 1. Initially, some countries and regions were exempted, including Canada and Mexico. On May 31, these countries, along with the European Union, became subject to the tariffs.

Within this article: Details of steel companies' plans for expansion in the U.S.

Companies featured: Steel Dynamics Incorporated (NASDAQ:STLD), Nucor Corporation (NYSE:NUE), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX)