ON CNBC with US Steel exec.

  • We are not looking for a trade war.
  • Trump indicated flexibility on tariffs with Canada and Mexico if agreements on NAFTA can be ironed out
  • We need a real solution to the overcapacity problem
  • The tariffs will not blow up anything at all
  • Tariff represents less than 1/2 of 1% of the US economy

The US Steel executive, David Burnitt is on with the Commerce Secretary and is harping on the importance of steel for the defense for the country in his remarks, and adds that the price impact on the prices will be minimal. He says they will open a plant and employ 500 people.