November 7/18 Update
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A few comments on ... Why Trump is reluctant to drop tariffs on Canadian Steel.
"It will be very difficult to get rid of those tariffs now, especially with a president like Trump who really believes in them. Part of the challenge is that steel companies are unlikely to invest heavily in new operations if they think the tariffs (higher profits) are temporary. If we think the U.S. really wants to add more sustainable jobs to the industry, then what they really need to do is reduce imports. That suggests the tariffs have to be permanent for long-term business planning."
Is there a chance Tariffs could be lifted? - Yes, only to be replaced by some other protection type formula ... perhaps Quotas. Stay tuned - a possible signing of the new USMCA on November 30th may reopen discussions, but I fear today's higher rebar prices will be around into 2019.
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