US Steel Industry Booming after Trump Tariffs

(From The Washington Examiner)

U.S. steel mills have seen almost a 5 percent jump in shipments so far this year, a sign that it’s benefiting from stiff 25 percent tariffs on imports the Trump administration imposed last year. . . .

[American Iron and Steel Institute] spokesman Jake Murphy told the Washington Examiner that domestic steel use has increased 1.4 percent so far in 2018, and that “Section 232 has played a crucial role as well,” referring to section of trade law used by the Trump administration to justify the tariffs.

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