US Commerce Secretary Calls for Domestic Steel Production Increase

In a recent interview with CNBC, United States Commerce Secretary Howard Lutnick emphasized the critical need for the United States to prioritize domestic steel production. This move is part of a broader strategy to strengthen the nation's industrial self-reliance and protect manufacturing jobs.

No Tariffs on Raw Steel, But Finished Products May Face New Measures

Lutnick clarified that while the US will not impose tariffs on raw steel imports, finished steel products from countries such as China, Japan, and South Korea could be subject to new trade measures. This distinction aims to bolster domestic production while addressing concerns over foreign competition.