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Behind the scenes, companies fight Trump on U.S. steel tariffs

Reuters  |  WASHINGTON 

By Ginger GibsonWASHINGTON (Reuters) - American manufacturers, energy companies and retailers reliant on cheap steel are quietly lobbying against President Donald Trump's desire to impose tariffs on steel imports ahead of possible decision by the U.S. Commerce Department next week. Honouring a promise made in the 2016 election campaign, in April this year Trump initiated a "Section 232" review of the steel industry, a provision in the Trade Expansion Act of 1962 allowing for the imposition of tariffs or quotas on imports if they threaten national security. The provision has only been used to ...

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First Published: Fri, July 14 2017. 23:57 IST