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Steel industry groups urge Biden to keep tariffs in place after EU truce

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Reuters

WASHINGTON (Reuters) – U.S. steel industry groups and the United Steelworkers union on Wednesday urged President Joe Biden to keep in place the steel tariffs imposed three years ago, saying that lifting them now would undermine the industry’s viability. In a letter to Biden just days after his chief trade negotiator struck a temporary tariff truce with the European Union, the groups argued that the “Section 232” national security tariffs imposed by former president Donald Trump have been a success, leading to $15.7 billion in new capacity investments. “Eliminating the steel tariffs now would u…

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