01 Jun 2016 U.S. Steel Tariffs Create a Double-Edged Sword

New tariffs on imports are boosting steel prices in the U.S., offering a lifeline to beleaguered American steelmakers but raising costs for manufacturers of goods ranging from oil pipes to factory equipment to cars.

““Our government has done a pretty good job of boxing out the guys who were importing the most-cheap steel but now the greatest fear we have is that China keeps the cheap steel for itself and makes products that undercut other industries.”