Trump imposes tariffs on pharmaceuticals, adjusts duties on steel, other metals

After a long delay, the administration is rolling out new duties on drug imports, with major carve-outs.

https://www.politico.com/news/2026/04/02/trump-new-tariffs-pharmaceuticals-metals-00856242

Trump Promised to ‘Drill, Baby, Drill.’ The New Rigs Are Nowhere to Be Found | WIRED

Roughly one in three survey respondents chalked up the expectations for fewer wells to higher tariffs on steel imports. And three in four said tariffs raised the cost of drilling and completing new wells...

https://www.wired.com/story/trump-promised-to-drill-baby-drill-the-new-rigs-are-nowhere-to-be-found/ 

 

Trump announces 50% steel tariffs and hails ‘blockbuster’ deal with Japan | Trump tariffs | The Guardian

President tells Pennsylvania rally tariffs will aid workers but questions raised over nature of Nippon Steel investment…

https://www.theguardian.com/us-news/2025/may/30/trump-tariffs-steel-japan 

 

Trump to reportedly cut grant for key US steel project in Vance’s home town

Donald Trump is looking to slash a $500m grant from the Biden administration that was slated for Cleveland-Cliffs, a steel manufacturing giant in America's rust belt, according to reporting from CNN. The grant was intended to help the company upgrade its ageing blast furnaces, so they would be powered by hydrogen, natural gas and electricity instead of coal, the dirtiest fossil fuel...

https://www.theguardian.com/us-news/2025/apr/08/trump-steel-manufacturer-cuts

 

1,500 steel workers laid off two days after Trump says ‘US steel mills are doing great’ – Raw Story

A US steel mill in Detroit has shuttered, leaving around 1,500 people out of a job. Great Lakes Works will close its iron and steelmaking operations by April 1, just months after US Steel announced a temporary layoff of about 200 workers, CNN reports.
https://www.rawstory.com/2019/12/1500-steel-workers-laid-off-two-days-after-trump-says-us-steel-mills-are-doing-great/

Brazil steel industry body perplexed by Trump tariff move - Reuters

Brazil’s main steel industry body said on Monday that it was “perplexed” by U.S. President Trump’s decision to restore tariffs on Brazilian steel and aluminum, calling the move “retaliation” and saying that the Brazilian government was not artificially devaluing its real currency. ....
https://www.reuters.com/article/usa-trade-trump-reaction/brazil-steel-industry-body-perplexed-by-trump-tariff-move-idUSL1N28C0NW

Stocks sink on worrisome factory data and Trump’s renewed tariffs on steel, aluminum - The Washington Post

President Trump surprised markets by reinstating steel and aluminum tariffs on Brazil and Argentina....
https://www.washingtonpost.com/business/2019/12/02/dow-sinks-points-after-trump-resurrects-steel-aluminum-tariffs-renewing-global-trade-worries/

Louisiana governor hammers Trump over tariffs after a steelmaker in his state goes bankrupt - Raw Story

Democratic Louisiana Gov. John Bel Edwards hammered President Donald Trump on Tuesday after a steelmaker in his state filed for bankruptcy. Bloomberg reports that hundreds of jobs are in jeopardy after the Bayou Steel Group filed for bankruptcy earlier this week. ....
https://www.rawstory.com/2019/10/louisiana-governor-hammers-trump-over-tariffs-after-a-steelmaker-in-his-state-goes-bankrupt/

The Trump economy house of cards collapses - The Washington Post: Opinion

The president's hucksterism is meeting reality.
https://www.washingtonpost.com/opinions/the-trump-economy-house-of-cards-collapses/2019/06/21/00412398-9429-11e9-aadb-74e6b2b46f6a_story.html

Steel industry begins to idle plants, shows signs of weakness — despite Trump’s support - The Washington Post

U.S. Steel announced it will temporarily halt production at two domestic plants despite the boost from the Trump administration's tariffs, as a steel industry singled out for federal support shows signs of weakening. On Tuesday, U.S. Steel said it would temporarily halt operations at a blast furnace near Detroit as well as one in Gary, Ind., on the shore of Lake Michigan. U.S. Steel will be idling a third plant in Europe, the company said. ....
https://www.washingtonpost.com/business/2019/06/19/steel-industry-begins-idle-plants-shows-signs-weakness-despite-trumps-support/

Fact-checking President Trump’s swing-state spin - The Washington Post

“Pennsylvania has never done this well. We’ve got steel back, we brought coal back, we brought so many things back, and the state now is doing better than it’s ever done. ... Miners are going back to work that never thought they’d see that job again.”
https://www.washingtonpost.com/politics/2019/06/13/fact-checking-president-trumps-swing-state-spin/

Add a looming WTO crisis to the list of tariff-related problems - The Hill

Trump would be wise to adhere to the spirit of these rules and claim an exemption only when U.S. national security is truly at risk.
https://thehill.com/opinion/finance/445734-add-a-looming-wto-crisis-to-the-list-of-tariff-related-problems

Canada, Mexico No Longer Pose National Security Threats to the US - Mother Jones

We have finally admitted that Canada and Mexico do not represent national security threats: The United States agreed Friday to lift its tariffs on industrial metals from Mexico and Canada, clearing a major obstacle to congressional passage of President Trump's new North American trade deal...
https://www.motherjones.com/kevin-drum/2019/05/canada-mexico-no-longer-pose-national-security-threats-to-the-us/

Trump’s steel tariffs cost U.S. consumers $900,000 for every job created, experts say - The Washington Post

Pressure is growing on Trump to remove steel and aluminum tariffs.....
https://www.washingtonpost.com/business/2019/05/07/trumps-steel-tariffs-cost-us-consumers-every-job-created-experts-say/

The WTO just blew up Trump’s argument for steel tariffs - The Washington Post

The WTO just blew up Trump's argument for steel tariffs....
https://www.washingtonpost.com/politics/2019/04/05/wto-just-blew-up-trumps-argument-steel-tariffs/

Elon Musk: Why I'm Building the Starship out of Stainless Steel - Popular Mechanics

Musk tweeted in January that the rocket formerly known as BFR would be built of stainless rather than carbon fiber. In this exclusive interview, he tells PM Editor-in-Chief Ryan D'Agostino why. ....
https://www.popularmechanics.com/space/rockets/a25953663/elon-musk-spacex-bfr-stainless-steel/

Trump’s Border Wall Photo Op Hits an Embarrassing Snag - Vanity Fair

The president says steel slats are stronger than a concrete wall. Too bad the bars can be cut in half with a saw. ....
https://www.vanityfair.com/news/2019/01/border-fence-cut-through-with-saw-donald-trump

Building wall could take at least 10 years, even with 10,000 workers - The Washington Post

Even at 1,000 miles long, the project wouldn't help the steel industry much either ....
https://www.washingtonpost.com/business/economy/build-the-wall-it-could-take-at-least-10-years-even-with-10000-workers/2019/01/09/62d5eaae-1376-11e9-803c-4ef28312c8b9_story.html

A Wall Street Journal interview on trade shows Trump has no idea what he’s doing - Vox

He confuses tariffs and interest rates, and invents phantom new steel plants.....
https://www.vox.com/2018/11/27/18114141/trump-wall-street-journal-interview

Republicans Have Cut Taxes on the Rich, Increased Them on the Middle Class - Mother Jones

So how are those tariffs going, President Trump? When President Trump placed tariffs on imported aluminum last spring in an effort to protect American producers, European rivals thought their U.S. profits would come under pressure. But months later European aluminum companies have yet to feel much pain. ....
https://www.motherjones.com/kevin-drum/2018/10/republicans-have-cut-taxes-on-the-rich-increased-them-on-the-middle-class/