Would Section 232 Be Good for Business?

Thursday, July 13, 2017 9:45 PM Written by 
Published in Trade Cases

The controversial Section 232 tariffs/quota expected to be proposed by the Trump administration against foreign steel imports elicited many strong opinions from respondents to SMU’s July 5 flat rolled steel market trends survey. Only 22 percent said they feel duties of 20 percent or more on foreign sources of supply would be good for their business. About 44 percent believe it would be bad for business, while another 34 percent feel it would have no impact. Sixty-three percent of respondents believe that if President Trump places restrictive duties on steel imports, there could be a shortage of supply in the U.S. market.

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Tim Triplett

Tim Triplett is the executive editor of Steel Market Update. Tim joined SMU after 20 years as editor-in-chief of Metal Center News Magazine. A journalist and business writer for 40 years, Tim holds an MBA from Aurora University. Tim can be reached at Tim@SteelMarketUpdate.com or by phone at 630-513-5916.

Website: https://www.steelmarketupdate.com
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