aluminum

Becca Schimmel | Ohio Valley ReSource

With more than 220 steel and aluminum facilities in Kentucky, Ohio and West Virginia, the Ohio Valley has a lot riding on the Trump administration’s taxes on imported metals. One of the nation’s largest remaining aluminum producers is betting big that the president will follow through with tariffs. 

Calm down, everyone.

That's the message from President Trump's commerce secretary, Wilbur Ross, who told NPR's Rachel Martin Friday that the president's orders for new tariffs on imported steel and aluminum won't have the negative impact on the economy many are predicting.

Updated at 11:15 a.m. ET

Newly enacted U.S. tariffs on aluminum and steel imports have sparked a sharp reaction from around the globe, with several nations warning of an all-out trade war.

President Trump on Thursday made good on a promise to impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminum imports. The levies are to go into effect in 15 days.

Updated at 4:47 p.m. ET

President Trump ordered steep tariffs on imported steel and aluminum from every country except Canada and Mexico. It's the boldest move to date for the president who campaigned on a protectionist platform that is sharply at odds with Republicans' free trade orthodoxy.

Becca Schimmel | Ohio Valley ReSource

Update:

President Trump met with steel and aluminum industry leaders Thursday to talk about implementing tariffs on metal imports. The Ohio Valley is home to one of the last US aluminum smelters and many industries depend on steel and aluminum. The president indicated steep tariffs will come sometime next week.

As the Trump administration sees it, U.S. steel and aluminum industries are in crisis, rapidly losing ground to foreign competitors and hemorrhaging jobs along the way.

But proposed import tariffs and quotas have other manufacturers worried that they'll become less competitive in the global marketplace.

How the administration responds to the problem is something Mark Vaughn is watching very closely.

The Commerce Department on Friday recommended setting strict new limits on imported steel and aluminum, saying action is needed to shore up U.S. industries vital to national security.

The recommendations, made after a 10-month investigation, are based on a seldom-used statute that aims to protect critical defense-related businesses.

Wikimedia Commons, Public Domain

The CEO of an aluminum mill slated to open in eastern Kentucky claims the company will be able to sell aluminum for 50 percent cheaper than its competitors, allowing it to pay workers $65,000-per-year starting salaries.

Becca Schimmel, WKU Public Radio

The head of the company that is planning to build a $1.3 billion aluminum plant in eastern Kentucky claims the state’s new right-to-work law will help it undercut competitors.

winktrailercorp.com

An aluminum trailer manufacturer is locating to Dawson Springs, creating 50 full-time jobs. Wink Equipment is investing $1.55 million the deal, including building a 69,000 square foot facility. 

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