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Home Steel News Trump boasts tariffs policy to save US steel industry
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Trump boasts tariffs policy to save US steel industry

16 Aug 2018 15:31 reported by Therese Hsieh

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This was indicated by US President Trump that the associated measures of steel tariffs against China and other countries had saved the US steel industry from bankruptcy and it has been predicted that the competition of the whole US companies would mainly come from its domestic market within the future.

In early March this year, National Security was considered as a crucial element so that an announcement was presented to levy 25% tariff on imported steel and 10% on aluminum products. As a result, that led to tight relations between the US and various countries including its long-term allies.

Upon Trump’s policies, the US' steel company had already developing a brand new facility at local that could be able to improve Trump’s strategic decision, produce the desired effect and being able to highly protect industry that was extremely important to national security.

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