What capacity do U.S. steel manufacturers have to meet demand if tariffs reduced imports?
What capacity do U.S. steel manufacturers have to meet demand if tariffs reduced imports?
President Donald Trump continues to press his case that imposing a 25 percent tariff on steel imports will add jobs and strengthen the industry. But some question whether steel manufacturers could meet demand if imports fell off. According to the U.S. Department of Commerce, the U.S. is the largest steel importer in the world, bringing in nearly 27 million tons last year.
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