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Trump says he is considering quotas, tariffs on Chinese steel dumping

Reuters 

By Ayesha Rascoe(Reuters) - U.S. President Donald Trump said he is considering quotas and tariffs to deal with the "big problem" of steel dumping from China and others."They're dumping steel and destroying our steel industry, they've been doing it for decades, and I'm stopping it. It'll stop," he told reporters on Air Force One during a flight from the United States to France."There are two ways: quotas and tariffs. Maybe I'll do both," he said.Steel stocks rallied on the news, recovering some of the year-to-date declines in the sector.The S&P 1500 steel sector index added as much as 3 ...

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First Published: Fri, July 14 2017. 01:24 IST
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