Government/Policy
August 16, 2018
CRU: Tariffs Not Conducive to GDP Growth
Written by Sandy Williams
The U.S. trade situation is causing some consternation, according to analysts at CRU. During a webinar on Tuesday, which was made available to SMU member companies, analysts discussed the trade measures that have been instituted by the Trump administration and the potential impact on the U.S. and global economies.
Steel and aluminum tariffs were imposed under Section 232 on the grounds of national security and as a result steel prices have climbed sharply along with profits at domestic steel producers. The administration expects tariffs to improve U.S. steel capacity utilization rates and spur expansion as competition from steel imports declines.
