Industry News

Steel Tariffs and Iron/Steel Prices

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Update time : 2021-05-26 22:23:17

The Section 232 tariffs on steel and aluminum were a bad idea during the Trump administration. They’re still a bad idea.

 

There are indications that the Biden administration will keep these tariffs in place, at least in the short term. Given the accelerated rise in prices since end-2020, this reluctance to eliminate these counterproductive measures is mysterious to me. The depreciation of the dollar after the Trump-induced flight to dollar assets had already raised import prices.

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