The Trump administration had faced a midnight deadline to suspend or impose tariffs on imported steel and aluminum from a number of friendly countries.
President Trump's order includes exceptions for Canada and Mexico for the time being. The plan has prompted fears of a trade war, and GOP leaders have spoken out against it.
While some U.S. steel manufacturers may be embracing tariffs on imported steel, it could hurt some small manufacturers. Simonds International says it could put its Michigan plant out of business.
President Trump said Thursday that he would impose hefty tariffs on imports of both metals in the coming weeks — a move largely aimed at China. But a number of U.S. trade partners had harsh words.
President Trump is considering imposing tariffs or quotas on imported steel and aluminum. The Commerce Department says action is needed to protect the domestic industries vital to national security.
At the end of a two-day meeting, U.S. and Chinese officials agreed to work on reducing the world's steel glut. But U.S. companies and workers said they were skeptical that China will really act.