ITC: Section 232 tariffs boosted manufacturing, lowered downstream production

Editor's note: This story was updated after initial publication to include comments from USTR. The U.S. tariffs on steel and aluminum succeeded in lowering imports and increasing domestic manufacturing for the two metals, but they also increased prices and had “largely negative” impacts on downstream production, the U.S. International Trade Commission said in a new report. Similarly, Section 301 tariffs on Chinese goods have decreased – significantly, in some cases – the amount of imports from China, while they...