laura: president trump signed an executive order today slapping tariffs on steel and aluminum imports. the tariffs apply to all countries except mexico and canada while they renegotiate nafta with us. the white house says the u.s. now imports four times as much steel as it exports. the american steel-aluminum industry has been ravaged by aggressive foreign trade practice h patrols really an assault on our country. they know better than anybody u it s a process called dumping. they drove our plants and factories out of business. laura: dusty stephens attended the signing ceremony in the wrote vet room today. is he superintendent at century aluminum pot line and he joins to us discuss what this move is going to mean to his company. it s important to talk to people that are really in the business instead of pundits and analysts. you are actually in the field so you know what the
laura: president trump signed an executive order today slapping tariffs on steel and aluminum imports. the tariffs apply to all countries except mexico and canada while they renegotiate nafta with us. the white house says the u.s. now imports four times as much steel as it exports. the american steel-aluminum industry has been ravaged by aggressive foreign trade practice h patrols really an assault on our country. they know better than anybody u it s a process called dumping. they drove our plants and factories out of business. laura: dusty stephens attended the signing ceremony in the wrote vet room today. is he superintendent at century aluminum pot line and he joins to us discuss what this move is going to mean to his company. it s important to talk to people that are really in the business instead of pundits and analysts. you are actually in the field so you know what the
on foreign aluminum. when the product comes across our borders. it s a process called dumping. and they dumped more than, at any time, on any nation, anywhere in the world. and it drove our plants out of business. it drove our factories out of business. and we want a lot of steel coming into our country. but we want it to be fair. and we want our workers to be protected. and we want, frankly, our companies to be protected. by contrast, we will not place any new tax on product made in the usa. so, there s no tax if a product is made in the usa. you don t want to pate pai tax? bring your plant to the usa. there s no tax. which we will benefit from the massive tax cuts that we have in place. we have passed the largest tax care plan in the country s history. and that has caused really
millions of workers and the decimation of entire communities. that s going to stop. right? it s going to stop. this is not merely a economic disaster but a security disaster. we want to build our ships, we want to build our planes, we want to build our military equipment with steel, with aluminum from our country. and now we re finally taking action to correct this long overdue problem. it s a travesty. today i m defending america i ve national security but placing tariffs on foreign imports of steel and aluminum. we will have a 25% tariff on foreign steel and a 10% tariff on foreign aluminum. when the product comes across our borders. it s a process called dumping.