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PETER NAVARRO: It's a new golden age for American steel and aluminum

6 20
12.02.2025

White House counselor for trade and manufacturing Peter Navarro talks President Donald Trump's tariff negotiations, spotlights the fentanyl drug war and China-U.S. relations.

America’s steel and aluminum industries are not just pillars of the domestic economy but foundational to national security. Recognizing their importance, President Donald Trump has signed two new proclamations to restore and strengthen the Section 232 tariffs he boldly implemented in 2018.

President Trump imposed the 2018 tariffs under Section 232 of the Trade Expansion Act of 1962, and America’s steel industry responded with over $15 billion in investments, expanding production and building new facilities. Century Aluminum, America’s largest producer, restarted idle production lines, Alcoa expanded operations, and U.S. aluminum production surged.

President Joe Biden would end Trump’s Golden Age of steel and aluminum, however, with a withering wave of product exclusions, country exemptions, lax Customs and Border enforcement, and widespread tariff circumvention by foreign countries – including many of our putative allies.

WHO GETS HIT HARDEST BY STEEL AND ALUMINUM TARIFFS?

Leveraging Biden’s weakness, China and Russia would transship steel through Mexico and Canada. Japan, amidst its declining domestic demand, would target the American market with high-value specialty steel products that undercut U.S. producers.

Canada’s government poured nearly a billion dollars into ArcelorMittal’s facilities, funding the transition of its outdated blast furnaces into........

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