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Nucor CEO backs Trump's steel tariffs on China, Canada, and Mexico, despite Wall Street's long-term concerns.
The CEO of Nucor Corp., the largest U.S. steel producer, supports President Trump's tariffs on steel imports from China, Canada, and Mexico.
Trump imposed tariffs, citing "extraordinary" threats from illegal immigration and drug trafficking.
While the tariffs could boost U.S. steelmakers by raising prices and stimulating domestic production, Wall Street warns of long-term risks, including reduced auto production and increased competition.
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El CEO de Nucor respalda las tarifas de acero de Trump en China, Canadá y México, a pesar de las preocupaciones a largo plazo de Wall Street.