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Trump Launches Probe Into Impact Of Steel Imports On U.S. Defense Industry

Trump Launches Probe Into Impact Of Steel Imports On U.S. Defense Industry
NASSCO Shipyard.

President Donald Trump has launched an investigation into steel imports and could impose a tariff on steel produced overseas if it is found to cost American jobs or threaten national security.Trump signed a memorandum April 20 that directs the Secretary of Commerce to investigate whether steel imports cost jobs within the U.S. steel industry and submit a report with 270 days.“Maintaining the production of American steel is extremely important to our national security and our defense industrial base,” Trump said…

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