Trump to Step Up Steel Import Restrictions

The video discusses the timeline for upcoming legislation related to a 232 investigation, which is expected soon. It explores the options available to the Commerce Department and the White House regarding imports, particularly from China, including tariffs and quotas. The impact of Chinese imports on the US market is analyzed, noting a decline in shipments since 2015. The video also examines trade relations with Canada, highlighting the significant percentage of steel and aluminum consumption from Canada and the potential for tariffs or quotas.

What percentage of U.S. steel consumption comes from Canada?

What are the potential implications of tariffs or quotas on imports from various countries?