Friday, March 2, 2018

Welcome to the Steel World

This picture has nothing to do with my post, but it's cute so ¯\_(ツ)_/¯


As a John Glenn Fellow, you are required to post in weekly discussion posts on Carmen.
Every week, Katy asks us to post our “wow” moment of the week, and I find it interesting to see
what my fellow WAIP interns are up to in their internships. When I found out we had to write a blog
post, I had no idea what I would write about. After yesterday, I knew exactly what I would write
about, my “wow moment” of the semester.

I’m interning at Nucor Public Affairs, which is the government affairs office for Nucor Corporation.
Nucor is the largest steel producer and recycler in the United States. Like any other American
steel company, we care a lot about trade policy. In particular, we have been following the section 232
investigation closely. Last year, the Trump Administration initiated an investigation under Section 232
of the Trade Expansion Act of 1962 to determine if the surge of imports in steel (mostly from China)
is a threat to U.S. national security. The Department of Commerce conducted the investigation and
gave the President three options for action, one of them being tariffs on imports. Nucor and other steel
companies are generally supportive of tariffs on imported steel because it fights unfair trade. Yesterday,
we hoped that the President would impose the tariffs.

Yesterday, President Trump held a meeting with a group of major steel CEOs and held a discussion
about unfair trade and how it impacts the companies and the overall U.S. economy. Our office is only
a couple of blocks away from the White House, so the Nucor CEO and the other steel CEOs that
attended the meeting met in the Nucor office beforehand. It was definitely a “wow moment” in itself
to meet all of them and hear their take on what they thought was going to happen. Then they all went
to the White House for the meeting, and there was reporting that there wasn’t going to be an
announcement of a decision by the President, which was disappointing. Then, we saw on the news
that the President actually decided to impose the tariffs. After the discussion, he told the steel CEOs
that he would be placing 25% tariffs on imported steel and 10% tariffs on imported aluminum as a
result of the Section 232 investigation. It was so cool to see a major event like this unfold in person
and on TV, and it was definitely my “wow moment” of the semester.

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