WASHINGTON — President Donald Trump's promise to levy elevated tariffs against all imported steel and aluminum has elicited starkly different responses from various sectors.
The steel industry and the United Steelworkers union (USW) are enthusiastic about the prospect of tariffs, while organizations such as the U.S. Tire Manufacturers Association (USTMA), the Association of International Automobile Dealers Association (AIADA) and the Aluminum Association have condemned the tariffs as harmful to both manufacturers and consumers dependent on products made from steel and aluminum.
President Trump announced March 1 his intention to impose import tariffs on steel and aluminum of 25 and 10 percent, respectively.
The U.S. tire industry, especially, could be harmed by the elevated tariffs because the grade of steel needed by producers of tire wire is not produced in the U.S., the USTMA has pointed out repeatedly since Commerce announced in early 2017 it was investigating steel imports.
Republican members of Congress also have expressed opposition to the planned tariffs. House Speaker Paul Ryan, R-Wis., has met with Mr. Trump, trying to dissuade him from an action that might cause a backlash in an election year.