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 was the original expected duration of the 232 investigation process?

• 50-70 days

• 100-150 days

• 270 days

• 365 days

What are the potential measures the Commerce Department might use regarding imports?

• Subsidies and grants

• Tariffs and quotas

• Price controls

• Export bans

Why might the U.S. bypass typical trade regulations in the 232 investigation?

• To increase domestic production

• To improve international relations

• Due to national security concerns

• To reduce consumer prices

Since when have Chinese imports to the U.S. been declining?

• 2010

• 2015

• 2018

• 2020

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

• 7%

• 15%

• 50%

• 42%