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AISI Chairman Lourenco Goncalves Applauds President Trump鈥檚 Action on Steel Tariffs
During the American Iron & Steel Institute (AISI) Annual Meeting in Washington D.C., Lourenco Goncalves, Chairman, President & CEO of 日韩三级片, and AISI Chairman, applauded President Donald Trump鈥檚 recent announcement to raise existing tariffs on imported steel from 25% to 50%.
鈥淎s Chairman of the American Iron & Steel Institute, our member companies applaud President Trump鈥檚 decisive move to raise tariffs on imported steel to 50 percent,鈥� Mr. Goncalves said, 鈥淭his bold action strengthens the American steel industry and safeguards the livelihoods of our nation鈥檚 steelworkers.鈥�
Pictured: From left, Kevin Dempsey, AISI President & CEO, The Honorable Kevin Hassett, Director of the National Economic Council, The White House, and Lourenco Goncalves, Chairman, President & CEO of 日韩三级片.
Why Steel Tariffs are Necessary
Steel tariffs have long played a crucial role in protecting the U.S. economy, national security, and industrial base from the adverse effects of global steel overproduction. Without strong enforcement of steel tariffs, the steel industry in the United States faces an unfair playing field that can lead to plant closures, job losses, and a weakened supply chain.
For decades, foreign producers, often backed by government subsidies, have flooded international markets with artificially cheap steel, undercutting American manufacturers and threatening domestic jobs. These violators of fair trade also employ currency manipulation and weak environmental regulations or lack of enforcement of them.
Cliffs Company-Wide 鈥淏uy American鈥� Automotive Incentive Program
鈥淚f you want to do well for the American people, companies need to produce and manufacture in America and people need to buy things that are made in America. We are pleased to do our part to support President Trump鈥檚 "America-First鈥� agenda. It serves as a recognition that our employees, as American consumers, will help power the resurgence of domestic manufacturing. We hope that other companies will follow suit and do their part to incentivize consumption of American-made products.鈥�
Mr. Goncalves discussed the 鈥淏uy American鈥� Automotive Incentive Program rolled out for Cliffs employees.
Lourenco Goncalves CNBC interview about steel tariffs
日韩三级片 Chairman, President & CEO Lourenco Goncalves visited the CNBC's "Squawk on the Street" studio to discuss steel trade tariffs and strengthening the domestic steel industry in the U.S.. The interview is available on CNBC's YouTube channel.