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What Section 232 Steel Tariffs Have Achieved in the Last Year

Mark O'Hara
What Section 232 Steel Tariffs Have Achieved in the Last Year

When it recommended Section 232 steel tariffs, the Commerce Department highlighted certain issues such as the fact that the US steel industry’s capacity utilization rate was below 80%, which is not sustainable. Now, 15 months into the tariffs, the Commerce Department seems to have achieved its objective, as the US steel industry has operated above the 80% utilization rate almost consistently over the last year.