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Are Tariffs Achieving the Commerce Department’s Objective?

Mark O'Hara
Are Tariffs Achieving the Commerce Department’s Objective?

The Section 232 tariffs recommended by the Commerce Department intend to safeguard US national security. The Commerce Department is also aiming to improve the domestic steel industry’s capacity utilization rate. Without getting into the debate of whether steel imports are a threat to US national security, let’s take a look at the recent trend in US steel production and capacity utilization rates.