Tariffs on Steel Imports

SOURCE www.breitbart.com
Sen. Chris Coons argues that tariffs on dirty steel from China and Russia could level the playing field, but they should be used sparingly on close partners and allies. He promotes a bill with Sen. Kevin Cramer to study and prove that U.S. industrial products are cleaner than competitors. Coons believes that tariffs on dirty steel could benefit American markets but may lead to price increases if imposed on a long-term basis.

Key Points

  • Tariffs could benefit American markets by leveling the playing field
  • Study to prove U.S. industrial products are cleaner than competitors
  • Caution against imposing tariffs on close partners and allies

Pros

  • Leveling the playing field with tariffs on dirty steel from China and Russia
  • Promoting cleaner U.S. industrial products through legislation

Cons

  • Potential price increases for Americans if tariffs stay in place long term
  • Risk of market downturn if tariffs are imposed on close partners and allies