Why the U.S. needs foreign steel imports

Mar 28, 2018
After Trump’s tariff announcement, manufacturers saw raw materials prices rise.
Hannibal Industries is the largest manufacturer of steel pallet racks in the United States.
Ben Hethcoat/Marketplace

Here’s how the U.S. would decide which Chinese products to hit with tariffs

Mar 27, 2018
This week or next the Trump administration is expected to announce a list of Chinese exports it could slap with tariffs to punish China for what it sees as unfair trade practices. Trade talks between the U.S. and China are ongoing, and markets are certainly hoping that two biggest economies in the world might keep […]

U.S. strikes more assertive note in trade relations

Mar 26, 2018
South Korea has become the first nation to be permanently exempted from President Donald Trump’s steel and aluminum tariffs as part of a newly renegotiated free trade agreement between the two countries announced today. The Trump administration has used the possibility of tariffs as leverage in other trade issues as well, such as renegotiating the […]

China's carrot and stick approach to U.S. tariffs

Mar 26, 2018
The U.S. has accused the country of forcing American firms to transfer technology to gain access to its markets.
President Donald Trump has announced tariffs on as much as $60 billion worth of Chinese products. Above, a worker stands on a dock in Shanghai.
JOHANNES EISELE/AFP/Getty Images

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

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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 […]