U.S. Steel Imports Drop 15% in 2019 Under Weight of Tariffs

January 10, 2020

Source: Yahoo Finance

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Much to the respite of American steel makers, total U.S. steel imports have dropped 15% in 2019 – according to the latest report from the American Iron and Steel Institute (“AISI”), an association of North American steel makers.

The decline largely reflects the impact of the 25% tariff on steel imports which the Trump administration had levied in 2018 under Section 232 of the Trade Expansion Act of 1962.

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