Trump orders investigation into steel imports
- 21 Apr 2017 at 10:22
- WRITER: BLOOMBERG NEWS
Rolls of steel stacked inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan Aug 26, 2016. (Reuters photo)
WASHINGTON -- The Trump administration has begun an investigation into steel imports after US Steel Corp asked a trade agency to investigate its claims that rival Chinese manufacturers colluded to fix prices and undercut competitors in the American market.
President Donald Trump signed a memorandum on Thursday encouraging the Commerce Department probe, which had already started and will explore whether steel imports hinder national security under section 232 of the Trade Expansion Act.
In an Oval Office ceremony, Trump declared the opening of the Commerce Department investigation "a historic day for American steel and most importantly for American steel workers".
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