...Today, I’m directing the Department of Commerce to immediately prioritize the investigation that began yesterday and really long before that — because Wilbur and I have been working on this for a long time — into foreign steel arriving into our markets, and to submit a report on the effects of these foreign steel products on the national security of the United States.
It’s not just the pricing, it’s not just employment, it also has to do with the national security of our country, which people never talk about. I talked about it.
Maintaining the production of American steel is extremely important to our national security and our defense industrial base. Steel is critical to both our economy and our military. This is not an area where we can afford to become dependent on foreign countries. We have a product where we actually need foreign countries to be nice to us in order to fight for our people. And that’s not going to happen any longer, believe me — especially as it comes to steel.
This investigation will look at how steel imports are impacting the United States national security, taking into account foreign practices such as steel dumping. Dumping is a tremendous problem in this country. They’re dumping vast amounts of steel in our country, and they’re really hurting not only our country, but our companies. Their targeting of American industry and other foreign strategies designed to undermine American industry as a whole.
President Trump today on dairy farming, lumber, timber, and energy:
The fact is, NAFTA — whether it’s Mexico or Canada — is a disaster for our country. It’s a disaster. It’s a trading disaster. And we’ll be reporting back sometime over the next two weeks as to NAFTA and what we’re going to do about it. But what happened to our dairy farmers in Wisconsin and New York State — we’re not going to let it happen. We can’t let Canada or anybody else take advantage and do what they did to our workers and to our farmers. And again, I want to also just mention, included in there is lumber, timber, and energy. So we’re going to have to get to the negotiating table with Canada very, very quickly. Again, just to tell you, this is another NAFTA disaster, and we’re not going to let it continue onward.Read more here.