Who Likes Tariffs? Some U.S. Industries Are Eager for Them.

Published On Mar 10, 2025, 5:02 AM

American steel and aluminum companies are supporting new tariffs on imports proposed by President Trump, arguing that they are necessary to level the playing field against foreign competitors who benefit from government subsidies. While some companies, particularly in the auto industry, warn that these tariffs could increase costs and lead to retaliatory measures, many steel manufacturers believe that tariffs will help them compete more effectively in the U.S. market and could lead to increased investments domestically.