FIRST ON FOX: The CEO of Nucor Corp., the largest steel company in the U.S., supports President Donald Trump’s new tariffs on China, Canada, and Mexico. Fox News Digital has learned this.
Leon J. Topalian, the CEO of Nucor, said, “Nucor is happy with the actions of President Trump. We want to help enforce trade laws and improve American manufacturing!”
Nucor is in North Carolina. It is the biggest steel producer and recycler in the country.
Topalian spoke with CNBC about the tariffs. He said they will help stop unfair trade and ensure fair prices for U.S. steel.
Trump signed an executive order to start these tariffs. They include a 25% tax on steel from Canada and Mexico and a 10% tax on steel from China. This will begin on Tuesday.
Trump said Canada has taken advantage of the U.S. for many years. He believes the tariffs will help protect American workers and businesses.
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Vocabulary List:
- tariffs /ˈtær.ɪfs/ (noun): Taxes imposed by a government on imported goods.
- enforce /ɪnˈfɔːrs/ (verb): To compel observance of or obedience to a law rule or obligation.
- unfair /ʌnˈfɛər/ (adjective): Not based on or behaving according to the principles of equality and justice.
- recycler /riˈsaɪ.klər/ (noun): A person or machine that processes materials to make them reusable.
- protect /prəˈtɛkt/ (verb): To keep safe from harm or injury.
- advantage /ədˈvæn.tɪdʒ/ (noun): A condition or circumstance that puts one in a favorable or superior position.
How much do you know?
Who supports President Donald Trump's new tariffs on China, Canada, and Mexico?
Where is Nucor Corp. located?
What percentage tax is included in the tariffs on steel from Canada and Mexico?
What does President Trump believe the tariffs will help protect?
Which news outlet reported on the CEO of Nucor Corp. supporting Trump's tariffs?
What action did Trump take to start the tariffs?
The CEO of Nucor Corp. expressed unhappiness with President Trump's actions.
Nucor Corp. is the smallest steel producer in the U.S.
The tariffs will apply to steel imports from Canada, Mexico, and China.
The CEO of Nucor Corp. spoke with ABC News about the tariffs.
Trump believes that Canada has treated the U.S. fairly in trade.
The tariffs will take effect on a Tuesday.
Leon J. Topalian is the CEO of Nucor Corp., the largest steel company in the U.S., and expressed support for President Trump's new tariffs on China, Canada, and Mexico. Nucor is located in .
President Trump signed an executive order to implement the tariffs, which include a 25% tax on steel from Canada and Mexico and a 10% tax on steel from China. These tariffs will take effect starting on .
According to Topalian, the tariffs aim to stop trade and ensure fair prices for U.S. steel.
President Trump believes that the tariffs will help protect and in the U.S.
Nucor Corp. is known as the biggest steel producer and recycler in the country, indicating its significant role in manufacturing.
Topalian spoke with about the tariffs, expressing Nucor's satisfaction with President Trump's actions.