Recent research finds that higher tariffs on dirtier imports could reduce carbon emissions.
Remember those steel and aluminum tariffs that were supposed to target China but also pulled in Europe and Canada? Most of them still exist.
"When you take out major players, anything that destabilizes the world economy affects steel, affects all of us," says Lisa Goldenberg, president of Delaware Steel Company.
Tariffs won't go away altogether. Some reduction could impact prices, but not immediately.
President Biden lifted a 25% tariff from European Union steel, but British steelmakers complain that they’re being unfairly penalized.
After a difficult 2020, VP of RM Metals in New Jersey Sam Desai talks about the outlook for his company and for the steel sector writ large.
Delaware Steel President Lisa Goldenberg talks soaring steel prices and the possibility of a Biden infrastructure bill.
With COVID and trade barriers limiting supply, her inventory is worth more but replacing it isn't simple.
Tariffs from 2018 made raw metals from outside the country more expensive. Now finished products could get extra taxes, too.
"People are scrambling to buy steel," said Lisa Goldenberg, president of Delaware Steel Co.