US DoC submits Steel Section 232 Report to the President Mr Trump

FCC to build MRF in Houston

FCC to build MRF in Houston

The Commerce Department has sent President TrumpDonald John TrumpHouse Democrat slams Donald Trump Jr. for "serious case of amnesia" after testimony Skier Lindsey Vonn: I don't want to represent Trump at Olympics Poll: 4 in 10 Republicans think senior Trump advisers had improper dealings with Russia MORE the long-awaited results of its investigation into the national security implications of steel imports. The much anticipated report was originally due to be issued previous year, but faced several delays.

In a statement that offered no insight into the investigation's conclusions, the Commerce Department said Trump now has 90 days to decide "on any potential action".

The executives from companies including Nucor Corp, U.S. Steel, ArcelorMittal and Commercial Metals Co said the sustained surge of steel imports into the United States had "hollowed out" much of the domestic steel industry and was threatening its ability to meet national security needs.

The probe could lead to broad tariffs or import quotas.

"President Trump promised to crack down on predatory trade practices from countries like China that massively subsidize their steel and aluminum products and hurt American workers, but there is zero evidence that he or his administration is following through on that promise in a meaningful way", he said.

ISRI China’s final scrap import standards ‘disappointing

Trump opened the "Section 232" investigation in April. Senate panel approves bill easing Dodd-Frank rules MORE (D-Ohio), who has for months been calling on the White House to take action, urged Trump to move swiftly.

In September, Ross said that the steel decision would wait until after the tax bill went through Congress.

"Although the report is not yet public, we believe that the investigation findings will confirm what domestic steelmakers already know".

Critics charge that using national security to erect steel tariffs could trigger a trade war with China, undermine the global rules-based trading system and hurt USA allies more than China, as well as damage global growth prospects.

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