sending a $3 million personal investment by ross into a $250 million profit and also earning him a seat on the board which would become the world s largest steel producer. nothing wrong with that, right? just a smart businessman who made a lot of money and now putting his expertise to work in government for the benefit of all of us. but is it, though? president trump s steel tariffs includeded a number of exceptions, which means big business for companies that bring steel from those countries to the united states. nautical boat holdings is one of them. when it was started in 2013, investors spent money on ships from china. they began shipping products in 2015 and since may 2016, 458 out of that 735 shipments to the united states, that 62% have included steel from south korea. one of the countries with an exception from steel tariffs.