China Churns Out Half The World's Steel, And Other Steelmakers Feel Pinched
U.S. steel producers have seen their market share erode since China began ramping up production. President Trump sees tariffs on imports as a way to protect domestic producers.
When President Trump announced plans to impose tariffs on steel and aluminum imports last week, he made clear he views a healthy steel industry as vital to the economic and military success of the United States.
But the industry is under threat from steelmakers in competing countries, especially China, which has emerged as by far the largest and most powerful producer on earth.
China now produces
