NOTE: CEO of Majestic Steel Todd Leebow said, “I believe we have to stop the bleeding that the domestic steel industry has experienced for quite a while now.”
President Trump announces steel tariffs
NBC News
March 2, 2018
http://www.ktiv.com/story/37631929/2018/03/Friday/president-trump-announces-steel-tariffs
It’s a blow to countries that send steel and aluminum to the United States.
The president following through on a campaign pledge to impose punishing new tariffs.
President Trump said, “Twenty-five percent for steel. It will be 10 percent for aluminum. And it will be for a long period of time.”
The move, designed to make prices for American steel and aluminum more competitive with countries that produce them cheaper.
Industry leaders say it will grow domestic steel production and add jobs.
CEO of Majestic Steel Todd Leebow said, “I believe we have to stop the bleeding that the domestic steel industry has experienced for quite a while now.”
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