Quotes
By closing loopholes in the tariff that have been exploited for years, President Trump will again supercharge a steel industry that stands ready to rebuild America,
Steel Manufacturers Association President Philip Bell said in a statement
The revised tariff will ensure that steelmakers in America can continue to create new high-paying jobs and make greater investments knowing that they will not be undercut by unfair trade practices,
Bell addedThe higher it goes, the more likely it is they’re going to build,
he said, referring to more companies moving their production to the US
Tariffs and escalating trade tensions are a form of economic self-harm and a recipe for slower growth and higher inflation,
he said in a statementIt may go up higher,
Trump said Tuesday of the 25% tariff on all countries’ steel and aluminum sent to the US at an event hosted by the Business RoundtableAbout 14% of what we buy, it comes from countries that will be impacted by tariffs,
said Patterson-UTI CEO Andy Hendricks
They're (small-cap producers) at the mercy of the service providers,
Chapman saidIt's probably going to be harder for service companies in 2025 to maintain their activity levels and their pricing,
said Mark Chapman, principal analyst for OFS Intelligence at EnverusOCTGs represent about 8.5% of drilling and completion costs for onshore wells in the Lower 48 states. So if prices rose by 25%, about 2.1% would be added to well costs,
Wood Mackenzie's Nemeth saidIf it's 8% more expensive to build tractors and combines in the U.S., some of that inevitably, unfortunately will be passed down to the customers,
Eideberg saidThe more dominant impact will be higher cost on our inputs,
Ramirez said ... he saidIn his second term, President Trump will again use tariffs to level the playing field for American workers and reignite America’s industrial might,
White House spokesperson Kush Desai said in a statementThese are not the steel and aluminum tariffs of the last time,
said Dan Ujczo, a trade lawyer specializing in U.S.-Canada trade mattersCertainly, extending (tariffs) to these downstream products closes additional loopholes and reduces the attractiveness of shifting production outside the U.S.,
Price said,Tariffs can encourage U.S. steel and aluminum producers to ramp up capacity or restart idled plants,
said William Hauk, a professor of economics at the University of South Carolina who specializes in international trade economicsUnilateral tariffs will raise prices, cost American jobs, and strain alliances,
Philip Luck and Evan Brown of the Center for Strategic and International Studies wrote in a report last month
If you’re an executive in the board room, are you really going to tell your board it’s the time to expand that assembly line
said John Murphy, senior vice president at the U.S. Chamber of CommerceIf we don’t have, as an example, steel, and lots of other things, we don’t have a military and frankly we won’t have — we just won’t have a country very long,
Trump said last week in his joint address to CongressIn our experience, 232 tariffs have had the opposite effect of creating more steel supply,
Budway said
The United States is interested in doing a macro, large-scale, broad-based trade agreement with India that takes everything into account, and that I think can be done,
Lutnick said at the India Today Conclave