SEOUL — Governments in Asia’s steel exporting nations are rushing to devise responses to impending 25% tariffs on shipments of the material to the U.S., which risk inflaming trade tensions and stoking pain in major economies.
The administration of U.S. President Donald Trump announced Monday that the levies will kick in from March 12, with the goal of “encouraging investment and expansion of production by domestic steel producers” and “mitigating the threatened impairment of U.S. national security.”
