Trump's Own Tariffs Make It Harder to Rebuild Infrastructure - NECN
President Donald Trump

President Donald Trump

The latest news on President Donald Trump's presidency

Trump's Own Tariffs Make It Harder to Rebuild Infrastructure

Some contractors and state officials are now concerned that rising steel prices could reduce or delay infrastructure proposals that are still in the planning stages

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    NEWSLETTERS

    Trump Stands Firm on Trade Leaving G-7 Summit

    President Donald Trump addressed questions regarding his stance on trade and tariffs, as well as his scheduled meeting with North Korean leader Kim Jong Un, before departing the G-7 Summit. (Published Saturday, June 9, 2018)

    President Donald Trump wants to rebuild the nation's transportation infrastructure and to strengthen the U.S. steel industry through tariffs on imports.

    But the second goal could make it more costly to accomplish the first. That's because the president's own tariffs on imported steel have created uncertainty for big transportation projects.

    Steel is essential to building bridges, roads and rails. The tariffs make foreign steel more expensive and allow American steel producers to raise prices without being undercut by international competitors.

    Some contractors and state officials are now concerned that rising steel prices could reduce or delay infrastructure proposals that are still in the planning stages. A ripple effect could also drive up costs for companies that make road-building equipment.

    Trump Responds to Putin Summit Criticism

    [NATL] Trump Responds to Putin Summit Criticism

    President Donald Trump said Tuesday that he misspoke during his summit with Russian President Vladimir Putin in Helsinki, Finland. Trump said he does "accept" the intelligence community's conclusion that Russia meddled in the 2016 election. Trump also said he needed to clarify that he didn't see a reason why the meddling "wouldn't be Russia." Trump had said the opposite a day earlier, prompting bipartisan backlash.

    (Published Tuesday, July 17, 2018)