'America First': Largest steel producer in US announces support of Trump tariffs
FIRST ON FOX: The CEO of the largest steel producer in the U.S., Nucor Corp., endorsed President Donald Trump's tariffs on China, Canada and Mexico, Fox News Digital learned.
"Nucor applauds the first steps taken by President Trump in his America First Trade Agenda," Leon J. Topalian, the chair, president and CEO Nucor Corp., wrote in a statement dated Friday that was obtained by Fox News Digital. "We look forward to working with President Trump to enforce our trade laws and strengthen American manufacturing!"
The subject line of the letter reads, "Presidential Executive Orders on Canada, Mexico, and the People’s Republic of China."
The company's CEO recently joined CNBC's Jim Cramer and celebrated Trump's then-upcoming tariffs as tools to end "currency manipulation" and the "subsidization" of steel coming to the U.S. from abroad.
"We saw the memo last Monday on tariffs and what they're going to do," Topalian said Tuesday. "And I think they're going to be far-reaching, and I think they're going to be very broad to, again, stop the illegal dumping, the manipulation, currency manipulation and subsidization of steels coming into the shores of the U.S."
I remember when the Democrats BEGGED Reagan to do the same thing in the 80s to save Bethlehem Steel from foreign importers ripping off this country and violating trade law. His refusal almost made him out to be a libertarian.
Trump saves MORE American jobs and holds the world accountable for its attempts to rip us off.
I understand your desire for strong leadership that firmly addresses international challenges. It's important to recognize that effective foreign policy requires a balance between assertiveness and strategic diplomacy. While a tough stance can deter adversaries, it must be complemented by thoughtful engagement to build alliances and maintain global stability. Overemphasis on aggression without consideration of diplomatic nuances can lead to unintended consequences, including strained alliances and escalated conflicts. Therefore, while strength is essential, it should be exercised judiciously within a comprehensive strategy that advances national interests and upholds international order.
Wow, Leon J. Topalian - the chair, president and CEO of Nucor Corp - must be really pissed off that tRump "paused" the tariffs on both Mexico and Canada in exchange for some face-saving gestures from those nations. Leon J. Topalian just lost all the protectionism he had been touting!!
What really happened is that the US stock markets started to go into free-fall when they opened Monday morning, and tRump knew his tariffs bluffs had failed.
Mexico gave tRump the same 10,000 troops he had given Biden in 2021, while Trudeau offered a similar low cost gesture about fentanyl, almost none of which flows thru Canada.
Oh, and on the subject of Fenanyl, almost all of it is carried by US citizens thru standard checkpoints. Details and references available upon request.
I question how being able to produce high quality steel at a lower price is classified as "ripping off '" a country. And its not dumping if the export company is making money.😷
@TheyitisAh, the super-rich CEO of a major corporation likes Trump’s tariffs. Is that supposed to make me like them too? Frankly I'd value the opinion of a steel corporation CEO (who creates more jobs than DemoNazis could ever imagine) over someone like you, who basically serves up fries every day.
