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.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
