WASHINGTON —The Steel Manufacturers Association applauds President Trump’s announcement today to double the steel tariffs from 25 to 50 percent. American-made steel is at the heart of President Trump’s plan to revitalize domestic manufacturing and return our country to an economic powerhouse. This action will strengthen a vital industry that has suffered from global overcapacity, largely driven by China. Since the tariffs were first announced in 2018, our industry has invested over $20 billion in growth and modernization. Increasing the tariffs will promote greater investment and ensure that steel imports do not surge into the U.S. market.

About the SMA

SMA is the largest steel industry trade association in the United States and is the primary trade association representing North American EAF steel producers. EAF steelmakers account for almost 70 percent of domestic steelmaking capacity using an innovative, 21st century production process that is less energy-intensive and has lower carbon emissions than traditional steelmaking. For more information check out our website at www.steelnet.org or our LinkedIn page.