President Trump Exempts U.S. Allies, EU from Steel & Aluminum Tariffs

The Trump administration has announced that the European Union, Australia, Argentina, Brazil and South Korea will be exempt from the 25% steel and 15% aluminum tariffs the President announced earlier this month. The President’s tariff announcement angered many longstanding allies and set off a flurry of backroom diplomacy as countries sought exemptions and threatened retaliatory […]

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U.S. Steel Announces Reopening of Illinois Mill Because of Trump’s Tariffs

U.S. Steel, one of the nation’s largest and oldest steel makers, has announced the restart an idled steel plant in Granite City, IL, because of President Trump’s decision to impose sanctions on steel and aluminum imports, this week.  The company anticipates increased demand for steel in the wake of the Trump’s announcement. The plant at […]

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President Trump Defies Criticism, Institutes Tariffs on Steel and Aluminum

President Trump, in defiance of senior members of his staff, members of his own party on Capitol Hill and a slew of foreign governments, has signed into effect sweeping new tariffs on steel and aluminum imports. The President signed a proclamation at the White House today that place the higher duties into effect in two […]

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Longtime Trump Advisor and Billionaire Investor Carl Icahn Sold Millions in Stock in Heavily Steel Reliant Company Weeks Before President Trump Announced Steel Tariffs

Longtime Trump adviser and billionaire investor Carl Icahn, sold tens of millions of dollars’ worth of stock in a company heavily reliant on steel weeks before the Trump administration announced hefty tariffs on steel and aluminum imports, according to an SEC filing. The total dollar amount of stock sold was roughly $32 million and the […]

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President Trump Ties Steel Tariff Exemptions for Canada, Mexico to NAFTA Renegotiation – Negotiating Style May Already Be Paying Off

President Trump wrote today on Twitter that exemptions for Canada and Mexico on steel and aluminum imports would be granted only if a more equitable version of NAFTA, the North American Free Trade Association is signed between the three countries. “We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right […]

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President Trump’s Steel Tariffs Draw Praise, Criticism from Lawmakers, Corporations and Unions

President Trump’s decision to impose tariffs on foreign imports of steel and aluminum has drawn both harsh criticism and loud praise from lawmakers, corporations and unions. Republican Governor Scott Walker urged the president to reconsider his decision to impose tariffs of 25% and 10% on steel and aluminum imports respectively, arguing that the taxes would […]

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In Effort to Shore Up American Industry President Trump Announces Sweeping New Tariffs on Steel and Aluminum Imports

Updated 3/1/18 7:30 p.m. The Trump administration has announced sweeping new tariffs on steel and aluminum imports in an effort to protect struggling U.S. industry from drastically cheaper foreign imports.  According to the President the new tariffs would be 24% on foreign steel and 10% on aluminum. “We’ll be signing it next week. And you’ll […]

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