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

PORTAGE, IN - MARCH 15: A slab of steel, 8 inches thick, is heated and rolled into a coil of steel, 1/10 to 3/4 inches thick, at the NLMK Indiana steel mill on March 15, 2018 in Portage, Indiana. 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 and producing nearly a quarter of the worlds slab steel. 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)