Trump Administration Steel Tariffs Aims To Protect And Aid U.S. Steel Industry

PORTAGE, IN - MARCH 15: Steel is loaded onto a truck for shipping at the NLMK Indiana steel mill on March 15, 2018 in Portage, Indiana. The coils, which are custom made to customer specifications, weigh an average of nearly 25 tons. The mill, which is projected to produce up to 1 million tons of steel from recycled scrap in 2018, is considered a mini mill by U.S standards. NLMK Indiana is a subsidiary of NLMK, one of Russia's largest steel manufacturers, responsible for nearly a quarter of Russias steel production. Steel producers in the U.S. and worldwide are preparing for the impact of the recently-proposed tariffs by the Trump administration of 25 percent on imported steel. (Photo by Scott Olson/Getty Images)