Minnesota Congressman Rick Nolan has introduced legislation that would ban all imports of steel and steel products into the US for five years.
Nolan said the bill, HR 4130, is needed to save the domestic steelmakers and raise demand for domestic iron ore. Additionally, Nolan urged President Obama on Tuesday to use executive authority to impose tariffs on foreign steel that would make it unprofitable for any foreign nation to send steel to the US.
Nolan said the bill, HR 4130, is needed to save the domestic steelmakers and raise demand for domestic iron ore. Additionally, Nolan urged President Obama on Tuesday to use executive authority to impose tariffs on foreign steel that would make it unprofitable for any foreign nation to send steel to the US.
“We are asking the president for action the equivalent of what President Bush did in 2002 when our mining and steel industries faced similar dire crises,” Nolan said in a statement. “Bush used his executive authority to impose dramatic tariffs that had the effect of a moratorium. President Reagan acted in similar fashion in the 1980s, and in both cases our mining and steel industries quickly rebounded. If those dedicated ‘free traders’ could see the light and stand up for American jobs and American workers, there’s no reason President Obama can’t do the same today.’’