The Senior Counselor of the White House on Trade and Production, Peter Navaro, talks about the “big, beautiful account” and is updated in world trade negotiations.
President Donald Trump He has now raised steel tariffs up to 50% of 25%. This increase is absolutely necessary for the protection of the US and national security of America.
This decision does not come for a minute too fast. As the world steel capacity reaches new dangerous heights and imported American manufacturers, the initial 25% of the tariffs according to section 232 are more insufficient to protect our industrial base from manipulation with a foreign market, especially Chinese exporters related to Chinese state. It is necessary to draw a stronger line – and today’s step attracts it.
If President Trump For the first time, by imposing tariffs in section 232 in 2018, they immediately pushed the revival of domestic steel investments. US steel manufacturers have poured more than $ 20 billion to expand and upgrade production by a critical line with a hot walk and resistant to the corrosion plate to the reinforcement and wire rod.
President Donald Trump comes to speak during a rally in American steel Irvin work in Western Miflin, Pennsylvania, May 30, 2025 (Saul Lob/AFP via Getty Images)
These investments were not speculative; They were fundamental to national sustainability designed to restore domestic self -sufficiency and economic security.
Trump’s tariff strategy can work, but America still needs a deeper economic reform
By 2024, these investments paid off. American capacity became Now the domestic consumption is more than 19 million tons annually. In the product behind the product, America can meet its needs without relying on a single tone of import. For example, a hot running capacity in the US exceeds 18.1 million tonnes. Colds of the prolot? Excessive 13.2 million tons. Ferry? Excess 1.5 million tons.
In short, American Steel is quite capable of standing on its own – if the abuse in foreign trade does not undermine it. And yet this is exactly what is happening.
Global steel excess power – fueled by a tireless export machine in China – in 2024 increased to a staggering 600 million metric tons and allegedly exceeding 720 million metric tons by 2027. China alone exported almost 111 million metric tons last year, destabilizing world prices.
On Friday, President Donald Trump advertised a new steel partnership in the US -nippon during a rally with steel work in Western Mythlin, Pennsylvania, promising a return to Pennsylvania.
Trump risks all this, takes the world with tariffs and puts America first
This massive Chinese dumping – What else is the new of the world’s largest production product – forced steel manufacturers in countries such as Korea, Japan, Vietnam and the UAE to aggressively pursue the US market share. No strangers who throw themselves away, these foreign manufacturers brazenly told US customers that they would simply “price through” existing 25% responsibilities – absorbing the cost of reducing US mills.
As a result, the floods of imports of several product rules were obtained. Only in the first part of 2025, the standard import of pipes from Vietnam increased by 160% compared to the same period in 2024. Imports of oil tubular goods increased by 223% from Vietnam, 70% from Korea and 44% from Taiwan. The import of reinforcement from Vietnam has doubled. Wires from Korea flew by 67%.
These are not ordinary market fluctuations; They coordinated attacks on a steel base in America.
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By connecting the problem, some foreign suppliers are now using fraud – falsification of values -factors Reduce exposure to tariffs. Doubling tariffs up to 50% makes such schemes much less profitable and much easier to detect and restrain.
The President of the Association of Manufacturers became Philip Bell explains why he supports President Donald Trump, double the tariffs for imported steel in the lower line. “
The fall is already visible. The use of the capacity became the industry decreased to an unstable level – decreasing from 81.2% in 2021 to 75.2% in 2025. Financially, the picture is even more terrible. The four largest steel manufacturers saw that their average net revenue falls from 14.9% in 2022 to a loss of 1.9% in the fourth quarter of 2024 (see below). Currently, the Census Census occupies a steel sector among the worst industrial industries in the country.
Without quick action, this trajectory threatens to abolish the progress made in accordance with the initial proclamation of President Trump 232. But with the decisive step of President Trump to raise tariffs up to 50%, America sends a clear message: we will not transmit our industrial core to foreign manipulations and excess. We will not allow imported steel, dropped by the price below the market or made their way through fraud, destroying the viability of US mills.
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Not only is the economic rates strategic. Economic security is national security, and steel is the basis of national protection, critical infrastructure and advanced production. A strong steel industry means strong America.
President Trump’s action is boldly, timely and absolutely necessary. It puts American workers, American producers and American safety The first.
