Tariffs start to reshape U.S. steel industry with mixed results

Tariffs start to reshape U.S. steel industry with mixed results

The Trump administration’s sweeping tariff regimen is is starting to affect domestic steel production, with mixed results.

A Sea Of Uncertainty

The drive to globalize that began in the years after World War II has reached an inflection point. President Trump’s “Liberation Day” tariff plans have triggered a chain reaction that will have enduring repercussions for international trade and the movement of capital. While unprecedented in their scale—and currently on pause—Trump’s actions did not come out of nowhere. Reshoring has been a trend since the early 2000s. The decline of industrial…