Fiji Time: 8:38 AM on Saturday 24 June

Fiji Times Logo

/ Front page / Business

Steel import probe

Reuters
Friday, April 21, 2017

US President Donald Trump on Thursday will sign a directive asking for a speedy probe into whether imports of foreign-made steel are hurting US national security, two administration officials said on Wednesday.

Mr Trump is to sign the memorandum related to section 232 of the Trade Expansion Act of 1962 at a White House event that is expected to include leaders of some US steel companies.

The law allows the president to impose restrictions on imports for reasons of national security.

There are national security implications, one of the officials said, from imports of steel alloys that are used in products such as the armour plating of ships and require a lot of expertise to create and produce.

Commerce secretary Wilbur Ross launched the probe on Wednesday night.

Mr Trump's directive will ask Mr Ross to conduct it "with all deliberate speed and deliver the results to the president with his recommendations," a second official said.

The move is another step in Mr Trump's "America First" policies in which he has tried to boost US manufacturers and preserve American jobs.

It comes as he tries to coax China into taking a more active role in reining in North Korea's nuclear and missile programs.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.64830.6293
JPY 55.152652.1526
GBP 0.38480.3768
EUR 0.43900.4270
NZD 0.68110.6481
AUD 0.65260.6276
USD 0.49180.4748

from

$0.00

Exchange Rate updated on 23rd, June, 2017

Today's Most Read Stories

  1. FRA boss quits
  2. Umarji walks free
  3. Pastor rape trial: Assessors return with mixed opinions
  4. Allowance increase
  5. Home in Fiji
  6. Farmers: '$15 too much ... fix tramlines'
  7. New cars 'affect taxi business'
  8. Khan: No big fete
  9. Katonitabua clarifies gravel royalties
  10. Suva to play Labasa tomorrow

Top Stories this Week

  1. Radio host cleared of rape Tuesday (20 Jun)
  2. Band releases tribute to Radradra Sunday (18 Jun)
  3. Pastor denies claims Thursday (22 Jun)
  4. Youths earn $76,000 from grog harvest Sunday (18 Jun)
  5. For better, for worse, Burotu ties the knot Saturday (17 Jun)
  6. Electricity bills worry customers Monday (19 Jun)
  7. 4 dead Thursday (22 Jun)
  8. No terror link Tuesday (20 Jun)
  9. Media boss in road accident inquiry Thursday (22 Jun)
  10. Under scrutiny Wednesday (21 Jun)