WASHINGTON (Reuters) - U.S. President Donald Trump on Monday said he wants to bring the steel industry back to America even if it means applying tariffs to imports from other countries, but the White House said he has not made a final decision on the issue.
"I want to bring the steel industry back into our country. If that takes tariffs, let it take tariffs, OK? Maybe it will cost a little bit more, but we'll have jobs," Trump told a meeting at the White House with state governors.
Shares of U.S. Steel Corp and AK Steel Holding rose after he made the comments.
The U.S. Commerce Department has recommended Trump impose curbs on steel and aluminum imports from China and other countries, giving Trump a range of options. Trump has until April to make a decision.
The White House said on Monday that Trump has not yet made a final decision on the matter.
(Reporting by Roberta Rampton; Editing by Chizu Nomiyama and Jonathan Oatis)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app