The administration's plan to impose a 25 percent tariff on steel imports and 10 percent on aluminum has been met by near universal criticism from around the globe.
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.
The move announced Thursday is intended to bolster the domestic steel and aluminum industry, but manufacturers that use imported metal are concerned about the consequences of the change.
Testing President Trump's promise to get tough on trade, two U.S. solar panel manufacturers are seeking to impose a tariff on panels made overseas. But many in the industry warn it could cost jobs.
President Trump has suggested an import tax of up to 45 percent on goods made by U.S. firms overseas. But it's illegal to single out individual companies and it's unclear what form the tax would take.
The president met with corporate executives on Monday, promising tax cuts and regulatory relief. But he also warned CEOs against moving jobs to other countries.
The existing tariff system, which adds as much as 25 percent to the cost of American high-tech exports, covers more than $4 trillion in annual trade, the White House says.