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U.S. limits on Chinese investment could have big effect

Mar 22, 2018
The White House announced today a series of actions aimed at countering what it calls unfair Chinese trade practices. We got tariffs on $60 billion worth of Chinese goods each year, and we got litigation, with the U.S planning to sue China more at the WTO. And finally, the president says he’s going to limit […]

Can tariffs bring back Big Steel?

Mar 15, 2018
That's the plan, but pulling it off may be a lot more complicated than it sounds.
The Carrie Furnace, a blast furnace that has been closed for nearly 40 years, is now a national landmark and is visited by tourists interested in learning Pittsburgh's history.
Erika Beras/Marketplace

Trump grants tariff exemptions for Mexico and Canada

Mar 8, 2018
Imports from all other countries will face a 25 percent tariff for steel and 10 percent for aluminum.
President Donald Trump turns to outgoing National Economic Council Chairman Gary Cohn, center, during a Cabinet meeting at the White House today in Washington, D.C.
MANDEL NGAN/AFP/Getty Images

What capacity do U.S. steel manufacturers have to meet demand if tariffs reduced imports?

Mar 7, 2018
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 […]

Are trade deficits bad for an economy?

Mar 6, 2018
President Donald Trump was back on the topic of trade today. Taking questions at the White House, he said that the United States “has been taken advantage of” on trade. And he doubled down on his promise to impose tariffs on steel and aluminum imports. They are needed, he said, because of trade deficits. But […]

Texas could take a big hit if tariffs are introduced

Mar 6, 2018
President Donald Trump’s planned tariffs on steel and aluminum would affect businesses in many part of the nation. Some states, though, would be affected more than others. A paper published today by  the Tax Foundation criticizes the president’s plans and says thatTexas would  be hit hardest if tariffs were imposed. How exactly? Click the audio […]

Trump trade tariffs could save some jobs, endanger others

Mar 5, 2018
Approximately 140,000 Americans now work in primary steel and aluminum production — down from approximately 230,000 in 2000, according to the Bureau of Labor Statistics. Meanwhile, according to Moody’s Analytics, more than 6 million Americans work in industries that use steel and aluminum to make other products, such as motor vehicles, aerospace, construction and metal […]

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Are we moving away from a global free market?

Mar 2, 2018
We look at how tariffs could affect current trade deals after Trump's surprise announcement this week.
President Trump participates in a meeting with leaders of the steel and aluminum industries at the White House on March 1.
Win McNamee/Getty Images

Steel broke Pittsburgh’s heart once. It won’t happen again

Mar 2, 2018
The Trump administration’s decision to slap stiff tariffs on imported aluminum and steel won’t make much difference to Pittsburgh. Nearly all the steel jobs in the city now are behind a desk. Click the audio player above to hear the full story. 

The Trump Administration’s options around tariffs and quotas

Feb 26, 2018
The Trump Administration is trying to figure out how to act on a campaign promise to make trade with China more fair. One thing the administration is considering is imposing tariffs or quotas on imports of steel and aluminum. The justification? National security. Here’s a look at the theory behind that connection, and the administration’s […]