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Tokyo expected treatment equal to that of the European Union, one expert says.
"I don't think people really understand that the U.S. never … reinvested in its steel-making ability," one executive says.
Keith Alverson says farmers like him are after the 95 precent of consumers outside the U.S.
Manufacturers will be clamoring for domestic steel to avoid paying the tariff, so sellers have the upper hand now, explained Emily Blanchard, a business professor at Dartmouth University.
After Trump’s tariff announcement, manufacturers saw raw materials prices rise.
If we want better policies, then politicians need to start thinking more like economists — and vice versa.
"As the import steel goes up in cost so does the domestic steel," Paul Czachor, CEO of American Keg Co. told us.
President Trump is shooting the American taxpayer in the foot, says Spartanburg County Councilman David Britt.
In announcing the tariffs today, President Trump said they are necessary for national security.