If the US were to stop dumping these valuable metals in landfills and to cease exporting them as cheap scrap, its imports could fall, and there would be less of these metals being made from scratch.
After the G7 fiasco, it's clear that a trade war is in the making. US justifications of "national security concerns" for its tariffs suggest a legitimate target for EU countermeasures: coal.
International trade policy requires three traits to be successful and lead to mutual prosperity. Trump's is missing all three, as he showed at the G-7 summit.
US tariffs could potentially benefit some EU firms that rely on steel and aluminium.
The underlying problem with Donald Trump's tariffs on steel and aluminum isn't Trump. It's the increasing willingness by the U.S. to impose its will on its neighbours amid rising economic nationalism.
The Trump administration recently imposed tariffs of up to 25 percent on foreign steel and aluminum – including from the EU, Canada and Mexico, the three biggest markets for American goods.
South Africa's relations with the US could sour under President Trump.
Unfair competition law offers a more effective, targeted strategy to persuade China to play by the rules.
There's a good reason China took aim at US soybean exports when it announced its latest list of retaliatory tariffs.
The $60 billion in tariffs targeting China not only risks sparking a trade war, they represent a rejection of the WTO's much more effective way of dealing with unfair trade practices.
While the tariffs are unlikely to stem Chinese intellectual property theft or reverse the steep trade deficit, they are certain to hurt American companies and consumers.
President Trump's new tariffs suggest he doesn't understand why American steel and aluminum have been hurt in the first place.
A global trade war seems well underway as China and the US exchange targeted tariff attacks. An economist explains what they are, how they work and why they matter.
U.S. President Donald Trump has exempted Canada, for now, from hefty tariffs on steel. An increase in defence spending would likely stand Canada in greater stead with the president.
President Trump slapped steep tariffs on steel imports, echoing protectionist measures taken by Bush in 2002.
Ottawa seems utterly unprepared for a trade war with the United States. The recent federal budget upholding equity values is noble, but won't mean a thing if the government runs out of cash.