President Trump announced Thursday that he is imposing tariffs of 25% on steel imports and 10% on aluminum imports, with exemptions for Canada and Mexico. The president acted because steel and aluminum imports have helped erode the domestic industry to the point that it threatens national security. Unfair trading practices from countries like China have distorted the global steel and aluminum markets. It is time to halt the damage.

Since 1998, countless steel mills and aluminum smelters have closed. More than 75,000 steel jobs alone have disappeared. Today the U.S. has only one steel mill that can produce the advanced alloys used in armored-vehicle plating; one aluminum smelter that makes the high-grade aluminum needed for defense aerospace applications; and one steel mill that makes the materials needed for infrastructure like electrical transformers.

White House Stake Out

7:11 P.M. EST

CHUNG: Good evening. Today, I had the privilege of briefing President Trump on my recent visit to Pyongyang, North Korea. I’d like to thank President Trump, the Vice President, and his wonderful national security team, including my close friend, General McMaster.

I explained to President Trump that his leadership and his maximum pressure policy, together with international solidarity, brought us to this juncture. I expressed President Moon Jae-in’s personal gratitude for President Trump’s leadership.

I told President Trump that, in our meeting, North Korean leader Kim Jong-un said he is committed to denuclearization. Kim pledged that North Korea will refrain from any further nuclear or missile tests. He understands that the routine joint military exercises between the Republic of Korea and the United States must continue. And he expressed his eagerness to meet President Trump as soon as possible.

"Economic vitality, growth, and prosperity at home is absolutely necessary for American power and influence abroad."
President Donald J. Trump

COUNTERING TRADE PRACTICES THAT UNDERMINE NATIONAL SECURITY: President Donald J. Trump is addressing global overcapacity and unfair trade practices in the steel and aluminum industries by putting in place a 25 percent tariff on steel imports and 10 percent tariff on aluminum imports.

President Trump is taking action to protect America’s critical steel and aluminum industries, which have been harmed by unfair trade practices and global excess capacity.
The President is exercising his authority to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports in order to protect our national security.
Section 232 of the Trade Expansion Act of 1962, as amended, provides the President with authority to adjust imports being brought into the United States in quantities or under circumstances that threaten to impair national security.
The tariffs on steel and aluminum are anticipated to reduce imports to levels needed for these industries to achieve long-term viability.
"A Nation that does not protect prosperity at home cannot protect its interests abroad."
President Donald J. Trump

ECONOMIC SECURITY IS NATIONAL SECURITY: Protecting our steel and aluminum industries from unfair trade practices is important to our national security.
Profitable and viable domestic aluminum and steel industries are important to our national security so that the United States can meet demand for steel and aluminum for national defense and critical industries with domestic sources.
The United States is the world’s largest importer of steel, importing nearly four times as much as it exports.
"At the center of America’s resurgence are the massive tax cuts that we just passed before Christmas."
President Donald J. Trump

BENEFITING ALL AMERICANS: The Tax Cuts and Jobs Act builds on the record-breaking economic successes already achieved under President Trump.

Unemployment is at the lowest rate in 17 years and jobless claims recently reached a 48-year low.
In January alone, the U.S. economy added 200,000 jobs.
Last year, Hispanic and African American unemployment hit their lowest levels in history.
Last year, President Trump proclaimed October 22 through October 28, 2017 to be National Minority Enterprise Development Week, honoring the vital role that minority-owned businesses play in our nation’s economic success.
UPMC Hamot (Hamot), a hospital based in Erie, Pennsylvania – and now affiliated with the University of Pittsburgh Medical Center (UPMC) – and Medicor Associates Inc. (Medicor), a regional physician cardiology practice, have agreed to pay the government $20,750,000 to settle a False Claims Act lawsuit alleging that they knowingly submitted claims to the Medicare and Medicaid programs that violated the Anti‑Kickback Statute and the Physician Self‑Referral Law. Hamot became affiliated with UPMC after the conduct resolved by the settlement occurred.

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