President Donald Trump apparently seems to have lost his appetite for American-made steel.
“President Trump has championed the U.S. steel industry, promising to strengthen it and to impose stiff tariffs on foreign metals to shield manufacturers from overseas competitors.
Yet the White House has secured tens of millions of dollars worth of donated foreign steel for Mr. Trump’s $400 million ballroom project, according to two people familiar with the plans who spoke on condition of anonymity to discuss sensitive and private conversations.
ArcelorMittal, a Luxembourg-based firm that is the world’s second-largest steel maker, is providing steel for the structure of the ballroom project, the people said. They said the steel was produced in Europe, where the bulk of ArcelorMittal’s production is concentrated.
The White House has not disclosed details of the donation, but Mr. Trump said last October that he had been offered a donation of steel for the ballroom valued at $37 million.
The president’s comments came just days before the White House made adjustments to its tariffs that could benefit ArcelorMittal, by cutting in half the tariffs applied to exports of automotive steel from its Canadian plant.”
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