5 Reasons Why the U.S. Should Maintain Tariffs on Steel Imports
Following years of lost jobs and plant closures, the United States imposed a 25% tariff on some steel imports in 2018. This trade action stabilized the American steel industry, creating thousands of jobs and leading to tens of billions of dollars worth of investments. And the Economic Policy Institute found that Section 232 action did not have any meaningful, real-world impact on prices for steel-consuming products. From the Alliance for American Manufacturing, here are five specific reasons why the United States should keep Section 232 in place.