Peter Navaro, a senior consultant of the White House for business and manufacturing, talks about updates on ‘large, beautiful bills’ and global business talks.
chairman Donald Trump Now the steel tariff has been increased from 25% to 50%. This increase is absolutely necessary to protect the US steel industry and the US national security.
This decision does not come soon. As the overlapping dangerous new heights of global steel reach and in imports importing American producers, the original 25% tariffs under Section 232 are no longer enough to mold our industrial base from manipulation in the foreign market, especially by exporters associated with Chinese state. A strong line must be drawn – and today’s step draws it.
When? President Trump Section 232 tariffs were first imposed in 2018, he immediately revived domestic steel investment. American steelmakers have put more than $ 20 billion insert-raold sheet and corrosion resistant plate to ribar and wire rod in production and modernization in important product lines.
President Donald Trump comes to speak during a rally at US Steel-Irwin Works on May 30, 2025, Pennsylvania, on 30 May, 2025.
These investments were not speculative; They were fundamental to national flexibility, designed to restore domestic self -sufficiency and economic security.
Trump’s tariff strategy can work but America still needs deep economic reforms
By 2024, those investments had paid. US steel capacity Now more than 19 million tonnes of domestic consumption annually is more than domestic consumption. In the product after the product, the US can meet its needs without relying on a ton of imports. For example, the US hot-rated sheet capacity is higher than a demand of 18.1 million tonnes. Cold-Rold Sheet? 13.2 million tonnes excess. Rebar? More than 1.5 million tonnes.
In short, American steel is fully capable of standing on its own – if foreign trade abuses do not reduce it. Still this is happening right.
Global Steel Overcapacea – Fuel by China’s tireless export machine – has increased to 600 million metric tonnes in 2024 and is expected to exceed 720 million metric tonnes by 2027. China alone exported around 111 million metric tonnes last year, making global prices unstable.
President Donald Trump on Friday formulated a new US Steel -Nipone partnership during a rally at West Miflin, Pa, promising the return of “Made in Pennsylvania” on Friday.
Trump gives all this risk, takes the world with tariffs and puts America first
it Large -scale sugar dumping – What is new from the world’s largest dumper of manufactured goods – has forced steelmakers to aggressively pursue the US market share in countries like Korea, Japan, Vietnam and UAE. No stranger to dump themselves, these foreign growers have told American customers that they will absorb costs to reduce mills through “price” through “price” through “price” through existing 25% of duties.
The result is a flood of imports in many product lines. In the first part of 2025 alone, standard pipe imports from Vietnam increased by 160% in 2024 compared to the same period. Oil country tubular goods imports from Vietnam 223%, 70% from Korea and 44% from Taiwan. Ribar imports from Vietnam doubled. The wire rod from Korea increased by 67%.
These are not ups and downs in the normal market; They are coordinated attacks on America’s steel backbone.
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Reducing the problem, some foreign suppliers are now using fraud – challans values incorrectly Reduce tariff exposureDoubling the tariff up to 50% makes such schemes less profitable and much easier to detect and prevent.
Philip Bell, president of the Steel Manufacturers Association, explains why he supports President Donald Trump, who doubles the tariff on the steel imported on ‘The Bottom Line’.
The decline is already visible. The use of US steel industry capacity has fallen to an indefinite level – falling from 81.2% in 2021 to 75.2% in 2025. Financially, the picture is even more severe. The four largest American steelmakers watched their average net income ratio from 14.9% for a 1.9% loss of 1.9% in the fourth quarter of 2024 in 2022 (see below). The Census Bureau now ranks the steel sector among the worst performing industries in the country.
Without rapid action, this trajectory threatens to undo the progress made under President Trump’s original section 232 proclamation. But to increase the tariff to 50%with President Trump’s decisive move, the US is sending a clear message: we will not surrender our industrial core to foreign manipulation and overcapacea. We will not allow imported steel, to destroy the viability of American mills, through dumped or fraud at market prices below.
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Tters are not only economic – they are strategic. Economic security is national security and steel is the basis of national defense, important infrastructure and advanced manufacturing. A strong steel industry means a strong America.
President Trump’s action is bold, timely and absolutely necessary. He is American workers, American manufacturers and putting American security First.
