The Section 232 steel tariffs imposed to help preserve the U.S. steel industry — in case it's ever needed in a time of war — turned 1 year old in June.
The 25% tariffs on steel imports and 10% on aluminum tariffs helped raise domestic steel prices, restore idled plants, like U.S. Steel's Granite Works in Illinois, and boost the profitability of U.S. Steel and ArcelorMittal, two of Northwest Indiana's largest employers.
A study by the Peterson Institute for International Economics found the duties helped raise the price of steel in the United States by 9%...FULL STORY
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Northwest Indiana Times