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July 12, 2017

Trump misses deadline on steel tariffs

  • Many of the steel industry's troubles can be traced to massive overproduction by China, but the U.S. has already put up big barriers to Chinese steel imports.
    AP Economics Writers

    WASHINGTON — President Donald Trump pledged during the campaign to help U.S. factory workers by slapping tariffs on foreign steel. But his long-awaited decision on the issue is running behind schedule and administration officials are leaving plenty of wiggle room on what direction he'll take.

    Commerce Secretary Wilbur Ross initially hoped to finish a report on tariffs last month, but his department has been holding off as the Pentagon weighs in about impact of steel tariffs on national security. The delay is an example of the difficulty Trump faces in delivering on his ambitious policy agenda — on taxes, health insurance and more — as quickly as he told voters he could.

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