SMU Steel Summit: Ferriola’s Take on Trade

Nucor Chairman, President and CEO John Ferriola remains an unabashed supporter of strong trade action by the Trump administration to level the playing field for domestic steelmakers against unfairly traded imports. “I’m encouraged that the president will take action that is both decisive and meaningful and will help restore the steel industry to its former position,” Ferriola said, following the president’s initial announcement.

Despite the rancorous debate about President Trump’s 25 percent tariff on steel imports and its potential to harm the economy and start a global trade war, Ferriola maintains “we are only treating other countries the way they treat us.”