Advertisement

Trump Might Impose Tariffs and Quotas on Foreign Steel

President Trump is considering new measures to reduce steel imports. President Trump is considering new measures to reduce steel imports. |  Photo: White House

JOSH BOAK, AP Economics Writer
July 13, 2017 02:32 PM

WASHINGTON (AP) - President Donald Trump is considering putting tariffs and quotas on steel imported from foreign countries.

Advertisement – Content Continues Below

The president says that China and other unnamed countries are dumping steel in the U.S. market. That hurts U.S. steelmakers by reducing prices, he told reporters. The comments were initially said to be off the record, but the White House decided to make them public Thursday.

Trump says, "We're like a dumping ground, OK? They're dumping steel and destroying our steel industry."

He says he is considering both quotas and tariffs to stop any dumping.

The Commerce Department is reviewing at his request whether to impose a tariff on steel imports for national security reasons.

The U.S. imports 30 percent of the steel it consumes. Only 3 percent of steel imports come from China.


Credits

JOSH BOAK, AP Economics Writer

Copyright 2017 The Associated Press. All rights reserved.

Advertisement
Advertisement
Relay Media Amp

UW-Superior hold Annual International Cooking Demo

Bentleyville Officially Opens

Klobuchar to Champion Franken's Sexual Assault Bill

Love-A-Pet back at Miller Hill Subaru

Wisconsin Deer Hunters Enjoy Firearms Opening Weekend

Duluth's Mounted Patrol Unit to be Disbanded

Advertisement
Advertisement
Advertisement