Trump orders probe into cheap steel imports, raises prospect of new tariffs
Friday, 21 April 2017 US President Donald Trump has invoked national security concerns to demand a probe into US steel imports. While the move risks blowback from China, Trump's announcement saw shares in US steel rallied by over 8 percent.
President Trump signed a memo on April 20, to launch a national security investigation into steel imports. "Steel is critical to both our economy and our military," Trump said while surrounded by steel industry executives.
Trump broke from his 17-day vacation in New Jersey to sign the memo. The investigation is likely to cast a shadow over relations with China, the largest US... IndiaTimes - SportsAlso reported by •Seattle Times •WorldNews •Marketwired