Wilbur Ross Says Tariffs Address Global Problem on Global Basis

The video discusses the impact of US steel exports on Canada and China, highlighting the need to address the global steel problem. It emphasizes the importance of maintaining US manufacturing capacity for critical materials like armor and aluminum. The video concludes with President Trump's decision to impose broad tariffs on global products to protect the US steel industry.

What percentage of US steel exports is attributed to Canada?

• 40%

• 30%

• 10%

• 20%

Why is it crucial for the US steel industry to reach 80% capacity?

• To increase exports

• To reduce costs

• For long-term viability

• To decrease imports

What is the significance of the US manufacturer of armor plate?

• It is the largest in the world

• It produces the cheapest armor

• It exports to multiple countries

• It is the only one producing for the army

What was the President's chosen method to address the global steel problem?

• Increasing domestic production

• Imposing broad tariffs on all countries

• Negotiating with China

• Reducing steel imports

Who is responsible for selecting the tariff option?

• The Congress

• The Senate

• The Secretary of State

• The President