I have no doubts that Trump knows what he’s doing and that it’s the right thing to do for MAGA.
Raw steel and Aluminum need to be produced in the U.S in at least a modest quantity in order to keep up with the Industry and have a ready base to expand in the event we do need to expand.
Trump used a national security angle. Let’s see what happens.
They are produced in the U.S. in more than modest quantities. We exported 7.6 million metric tons in the first three quarters of last year, mainly to Mexico and Canada. The two countries who export to us and who we are going to hit with a 25% tariff. We import virtually no steel at all from China.
We also exported almost three million tons of aluminum.