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US Steel Companies Have Utilized Their Tariff Windfall

Mark O'Hara
US Steel Companies Have Utilized Their Tariff Windfall

President Trump kept his promise of protecting US manufacturing jobs, especially in the steel industry (SPY). He imposed a 25% tariff on US steel imports in March. The tariffs were imposed after the Department of Commerce’s investigations under Section 232 of the Trade Expansion Act of 1962 found that steel imports were a threat to US national security.