ENR reports that Trump sets stiff, wide-ranging tariffs on steel and aluminum. Seeking to revive U.S. steel and aluminum industries that he says have been “ravaged” by low-price imports, President Trump has approved tough tariffs on shipments of those products from all countries, except—at least for now—Canada and Mexico.
Steel industry officials praised the new tariffs, approved on March 8—25% on steel and 10% on aluminum. But construction industry officials and heavy-equipment makers warned that the import fees will drive up costs of products used in projects they build or equipment they manufacture. Read more>