https://japantoday.com/category/features/executive-impact/JFE-eyes-Y650-bil-domestic-steel-upgrade-warns-on-U.S.-trade-policy
This article from Japan Today, written by Yuka Obayashi and Ritsuko Shimizu shows the Japanese Steel Industries’ second largest producer’s thoughts on the near future. The company has plans to spend 6 billion dollars in the next 3 years, and according to the article CEO Eiji Hayashida told Reuters “we may even increase the spending." Hayashida also stated JFE’s possible plans regarding expansion in China and his own worries over recent plans made by President Trump regarding new tariffs. "If the U.S. takes action (to curb imports), it may trigger retaliation by other countries. What is most troublesome is to see the world heading to protectionism." Hayashida is not the only one concerned with a potential shift in how the U.S. conducts trade. Ana Swanson of the New York Times discussed the potential implications of tariff changes in a recent article, expressing some concern about the risks involved for the U.S. economy.
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