Seeking to revive U.S. steel and aluminum industries that he says have been "ravaged" by low-price imports, President Trump has approved tough tariffs on shipments of those products from all countries except—at least for now—Canada and Mexico.
Steel industry officials praised the 25% tariffs on steel and 10% on aluminum that were approved March 8. But construction industry officials and heavy-equipment makers warned that the import fees will drive up costs of products used in projects they build or equipment they manufacture.