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U.S. manufacturing executives concerned about recently announced steel and aluminum tariffs may yet be able to take action to minimize the impact these trade actions could have on their bottom line.

President Donald Trump has announced tariffs on imported steel at 25% and aluminum imports at 10% that go into effect after March 23. Trump has initially exempted Mexico and Canada from the tariffs as Washington seeks to renegotiate the North American Free Trade Agreement (NAFTA). However, if those NAFTA exemptions are made permanent, the tariffs on products from other countries may be hiked above 25%, insiders say.

The Trump administration wants to reduce the U.S. trade deficit and to boost aluminum production, now below 50% of capacity, to above

 

From Industry Week

 

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