How US Steel Import Tariffs Could Affect Cleveland-Cliffs in 2018

A Section 232 investigation was initiated by the US Commerce Department last year to see whether the influx of steel imports is threatening the nation’s security. The department submitted its recommendations for the Section 232 probe into steel and aluminum imports to President Trump in February 2018. On March 1, 2018, President Trump announced the imposition of a 25% import tariff on steel and 10% on aluminum to protect US producers.