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Trump Signs Order Granting Steel Import Sanctions On "National Security" Grounds

• http://www.zerohedge.com, by Tyler Durden

The order will revive a decades-old, rarely used law to explore imposing new barriers on steel imports, in this case aimed loosely at China.

Trump will sign the memorandum related to section 232 of the Trade Expansion Act of 1962 at an event in the White House that will include leadersd of several U.S. steel companies; the law will allow the president to impose restrictions on imports for reasons of national security. Trump's directive will ask Ross to conduct the probe "with all deliberate speed and deliver the results to the president with his recommendations."

An official cited by Reuters sad that there are national security implications from imports of steel alloys that are used in products such as the armor plating of ships and require a lot of expertise to create and produce.

The move is another step in Trump's "America First" policies in which he has tried to boost U.S. manufacturers and preserve American jobs. It comes as he tries to coax China into taking a more active role in reining in North Korea's nuclear and missile programs.

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