Donald Trump orders steel dumping investigation

The move could give president Donald Trump the tools to put in place restrictions on US steel imports and increase global trade tensions. In any case, most US steel imports come from allies like Canada, Brazil and South Korea (pdf). The investigation is based on a law that allows the president to review how different imports effect domestic industries that are necessary for national security. The White House has called for an investigation into whether the US is in peril due to an over-dependence on foreign steel. Most reductively, the question is whether will there be enough US-produced steel to build naval ships and army tanks in wartime.


referring to

Donald Trump orders steel dumping investigation

Mr. Ross linked the investigation in part to a rise of Chinese steel imports, which now make up 26 percent of the U.S. market. "I was never invited."Republican congressional leaders praised the president's move, and some Democratic lawmakers gave Mr. Trump grudging support. "In the first couple months of this year alone, steel imports rose 19.6 percent. Mr. Trump signed an executive memorandum in the Oval Office on Thursday morning to formally initiate the investigation. "Steel is critical to both our economy and our military," Mr. Trump said.




And I want them to use American steel, American product. Our ratingWhile mentioning the proposed Keystone XL oil pipeline, Trump said: "All pipelines that are coming into this country from now on has to be American steel." And though the memorandum could put pressure on pipeline companies to use American steel, it does not contain any requirements that only American steel be used. The Keystone XLProposed by energy giant TransCanada, the 1,179-mile Keystone XL would transport more than 800,000 barrels of oil per day from Western Canada to Nebraska. The steel connection, meanwhile, relates to a memorandum regarding construction of American pipelines that Trump signed in January 2017.


read more visit us Donald Trump

collected by :Ema Jackop