The Rising Influence of Rising Affluence

[DewDiligence]

CLF—US steelmakers get tariff relief on selected inputs:

https://www.wsj.com/articles/u-s-steelmakers-early-champions-of-tariffs-shift-focus-to-making-them-go-away-1540200601

Steel producers in September petitioned the U.S. Trade Representative for relief on 132 tariff lines, primarily for raw materials and chemicals used in the steelmaking process that members of the Steel Manufacturers Association import from China. They were able to get 66, or half, of them removed from the final list.

Overall, the U.S. took nearly 300 tariff lines off the list, meaning about one out of every five removals was backed by the steel industry.

What’s good for US steelmakers is generally good for CLF, and that includes the tariffs on imported steel per se.