Cleveland-Cliffs Sees Tariffs as a Win

July 23, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Protectionism may be paying off for the U.S. steel industry and it may be time for the Canadian government to follow suit with tariff plans of its own, the head of Cleveland-Cliffs Incorporated (Cleveland, Ohio) said. U.S. President Donald Trump has upended global trade and created headwinds for economic growth with a trade policy that's seen tariff pressures escalated one day, only to be reversed the next. He's been relatively consistent, however, on his policy on steel, doubling tariffs--a tax on imports--from 25% to 50% on his return to the White House. Other companies featured: General Motors Company