US Steel CEO Says Section 232 Tariffs Need to Stay
U.S. Steel CEO David Burritt told Yahoo Finance reporters that if the Section 232 tariffs were removed, his industry could suffer. The tariffs “were necessary,” he said. “The steel that would come from China -- the illegal steel that would…
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come from China -- would find its way into Europe and then into the U.S.,” he said Feb. 19. If the tariffs were lifted, he said, steel that purportedly came from Europe could actually be from Asia. “I think it's too soon to take off the 232 [tariffs]. We need to make sure we can take care of the United States again,” he said. When the U.S. lifted Section 232 tariffs on Canada and Mexico, those countries agreed to anti-circumvention measures.