President Trump has launched an investigation – to be led by commerce secretary Wilbur Ross – into Chinese steel, stating that dependence on steel imports from China may threaten national security. It will ascertain whether there will be enough US-produced steel to build naval ships and army tanks in wartime. The US is the world’s largest consumer of steel.
President Trump has launched an investigation – to be led by commerce secretary Wilbur Ross – into Chinese steel, stating that dependence on steel imports from China may threaten national security. It will ascertain whether there will be enough US-produced steel to build naval ships and army tanks in wartime. Ross, who has been given 270 days to complete his report before Trump takes action, made a fortune through the sale of US producer International Steel to Indian conglomerate Mittal in 2004 among many other deals.