Can a 25% Tariff Save American Steel and Aluminum?
From powerhouse to a dependent: How America lost its grip on steel and aluminum, and the fight to reclaim it.
The current U.S. administration has swiftly escalated what many call "Tariff War 2.0"—levying across-the-board import tariffs on steel and aluminum against friends and foes alike. This aggressive move, reminiscent of Trump’s previous trade war, has sent shockwaves throughout the global economy. But what's fueling this sudden surge in protectionism? A closer look reveals a desperate attempt to resuscitate a domestic steel and aluminum industry that has been steadily declining for decades, leaving the U.S. heavily reliant on imports.
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