Commerce probing possible 'profiteering' off tariffs

The Commerce Department is investigating whether “profiteering” has sparked increases in steel and aluminum prices following the U.S. decision to impose Section 232 tariffs on imports of the metals, Commerce Secretary Wilbur Ross told the Senate Finance Committee on Wednesday. In response to a question from Sen. Chuck Grassley (R-IA) about the Trump administration's claims that tariffs would spur U.S. production of both metals – and lower prices – Ross said “it's coming.” “It should be fairly quick,” he told...