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US Steel Exports Are Also Plummeting after Section 232 Tariffs

Mark O'Hara
US Steel Exports Are Also Plummeting after Section 232 Tariffs

In its Section 232 steel probe, the Commerce Department pointed to the high steel import to export ratio. It emphasized the subsidized steel in other countries that makes US steel exports to those countries uncompetitive. Now, while US steel imports have fallen after the Section 232 tariffs, we’ve seen a steeper fall in US steel exports.