The President of the United States Donald trump is considering various options for taking defensive measures, including tariffs and quotas, against imports of steel and aluminum that harms American manufacturers. He said this at a meeting with a bipartisan group of U.S. senators and the White house on Tuesday, February 13.
Some lawmakers called on trump to act decisively for the salvation of the steel and metallurgical plants in their States. However, the other warned him, since rising prices can hurt Metalworking industries that consume steel and aluminum.
“We’re talking about tariffs and/or quotas, – told the trump. – Some measures will be rates. Dumping, they will pay tariffs, significant tariff. This means that the United States will earn a lot of money.”
According to him, the steel and aluminum industry was “devastated by the dumping.” He also spoke of an empty steel plant, which he saw during the election campaign of 2016.
“I see two problems. I want prices did not go up, but I also want to make sure that we kept the steel and aluminum industry, which we need for national defense,” said trump.
Recall that in early January 2018, US Department of Commerce has completed the investigation on steel imports under section 232. Its recommendations to the President, the Agency has not published.
Donald trump needs to on 11 April to make a decision in respect of steel imports, the 20th of April in respect of aluminium.
The administration of the trump 20 April launched an investigation into the extent of the threat of steel imports to national security, citing the rarely used section 232 of the Act, the trade expansion of 1962.