Potus wants to triple steel and Aluminum import tariffs. Can he do it alone or does it need Congress to vote?
Inflation… huh? Could be just political posturing, but there is funding in the Infastructure bill for Steel Mfg in Pennsylvania and Ohio. Quoting the Whitehouse here.
Congress, “through the Bipartisan Infrastructure Law and the Inflation Reduction Act, recently
announced up to $1.5 billion for six clean iron and steel projects as part of a historic broader investment to lower emissions from energy-intensive industries. These projects are set to demonstrate innovative technologies that can eliminate the vast majority of emissions from steelmaking, and enable the industry to phase out more traditional carbon-intensive production methods.”
(Really?)
“They will support the economic comeback of steel communities in Pennsylvania, Ohio, and the South and Midwest, so the U.S. steel industry can remain competitive as the global leader in low-carbon iron and steel products.“