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U.S. Commerce Department proposes hefty import curbs on steel, aluminum [Reuters]

AK STEEL HOLDINGS (AKS)  More Company Research Source: Reuters
Last ak steel holdings earnings: 7/30 04:45 pm Check Earnings Report
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PDF U.S. Commerce Department proposes hefty import curbs on steel, aluminum | Reuters 5 Min Read WASHINGTON (Reuters) - The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other nations ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. The long-awaited unveiling of Commerce’s “Section 232” national security reviews of the two industries contained global tariff options of at least 24 percent on all steel products from all countries, and at least 7.7 percent on all aluminum products from all countries. The reviews were presented to Trump last month after complaints by U.S. producers that foreign dumping of the two metals was shutting them out of business. Trump authorized the probes under a 1962 trade law that has not been invoked since 2001. U.S. Commerce Secretary Wilbur Ross emphasized that Trump would have the final say, including on whet [Read more]

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