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Alex Brandon / AP

President Trump is signaling imminent action on steel and aluminum dumping, tweeting today: "Really great numbers on jobs & the economy! Things are starting to kick in now, and we have just begun! Don't like steel & aluminum dumping!"

  • As Axios reported last week, Trump is poised to side with the hardcore nationalists on favoring tariffs for steel and aluminum imports. In his cabinet, only Commerce Secretary Wilbur Ross favors the move.
  • Trump hasn't made a final decision, but has shown inclination to tariffs in the 20% range for steel imports. There is still plenty of room for Trump to take a more moderate action with more targeted options — such as country-by-country, different types of steel, or setting baselines to target countries that ramp up exports.
  • Steel is first, with aluminum to follow, as Ross is finalizing a report on aluminum dumping. The White House is also talking about an investigation into semi-conductors.

Go deeper

30 mins ago - Politics & Policy

Minority Mitch still setting Senate agenda

Illustration: Aïda Amer/Axios

Chuck Schumer may be majority leader, yet in many ways, Mitch McConnell is still running the Senate show — and his counterpart is about done with it.

Why it matters: McConnell rolled over Democrats unapologetically, and kept tight control over his fellow Republicans, while in the majority. But he's showing equal skill as minority leader, using political jiujitsu to convert a perceived weakness into strength.

Schumer rattles reconciliation saber

More than an aisle separates Mitch McConnell and Chuck Schumer, seen in the Senate Chamber after the Capitol siege. Photo: Drew Angerer/Getty Images

Chuck Schumer is expected to telegraph, as soon as tonight, that he will use his political muscle to pass some of his party’s priorities — like President Biden's $1.9 trillion stimulus package.

Why it matters: While the Senate majority leader wants to work with Republicans on key legislation, advisers say, he will make clear that using the simple majority vote inherent in the budget reconciliation process is one of the big sticks at his disposal.