Kobe Steel in Japan has admitted that some of its employees falsified strength data of some of its rolled aluminum. That metal is used in a lot of things worldwide, like cars, planes and trains. Investigations are underway, but what will the consequences be for the company and the wider Japanese manufacturing sector? Click the […]
Do imports of foreign steel and aluminum compromise national security? President Trump told the Commerce Department to speed up its investigation of that question and come back with some answers today. It didn’t happen. Officials said that was due to “unanticipated complexities.” But China, the European Union and other steel-exporting nations, fearing the U.S. could […]
President Trump has made much of his plans to boost American steel, and there’s an investigation underway at the Department of Commerce to determine if the steel industry should be deemed crucial to our national security. That would pave the way for more import protections, but could also open the door to a trade war. […]
President Trump could sign an executive order tomorrow triggering an investigation into competition in the steel industry. That in turn could lead to new tariffs on foreign steel. The idea would be to protect the U.S. steel industry, but often the imposition of tariffs can lead to unintended consequences. Click the audio player above to […]
