Market News
Tariff-exemption denials follow steel company objections

Two of America's biggest steel manufacturers -- both with deep ties to administration officials -- have successfully objected to hundreds of requests by U.S. companies that buy foreign steel to exempt themselves from President Donald Trump's stiff metal tariffs. They have argued that the imported products are readily available from U.S. steel manufacturers.

Charlotte, N.C.-based Nucor, which financed a documentary film made by a top trade adviser to Trump, and Pittsburgh-based U.S. Steel, which has previously employed several top administration officials, have objected to 1,600 exemption requests filed with the Commerce Department over the past several months.