Some U.S. steelmakers are supporting President-elect Donald Trump’s proposals to place tariffs on China, Mexico and other countries, according to The Wall Street Journal.
American steel companies are calling for Trump to reintroduce tariffs on steel from the U.K., Japan and the EU amid concerns of foreign competitors being involved in unfair market practices, according to The WSJ. Some U.S. steel executives were supportive of steel tariffs under the previous Trump administration, with some steelmakers saying the tariffs helped to boost profits, The WSJ reported.
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