U.S. Commerce Secretary Ross has confirmed President Trump’s decision to double section 232 duties on Turkish metals exports was driven by national security concerns. With Turkey only having accounted for 2% of U.S. imports of s232 steel and aluminum further countries might be targeted to deliver the administration’s goal of cutting imports and improving U.S. production. While U.S. imports fell 22% in July vs. March that only left imports in the past three months 8% below the first quarter’s level. A more significant drop may require a widening of the higher duties to other countries whe...
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