U.S. President Donald Trump departs the White House on his way to a waiting Marine One helicopter April 18, 2017 in Washington, DC. Trump spoke a Snap-On tool factory during the trip. (McNamee/Getty Images)
President Donald Trump on Thursday, citing national security concerns, signed an executive action expediting a Commerce Department probe examining whether manipulated foreign steel prices could hinder his envisioned military buildup.
Commerce Secretary Wilbur Ross told reporters that the investigation was formally launched on Wednesday evening over concerns that the U.S. steel industry would be unable to keep up with demand of the Trump administration’s planned military buildup. Contracts for major Pentagon weapons programs typically are accompanied by stipulations that combat gear must be built using American steel.