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First in Fox: The CEO of the largest steel producer in the United States, Nucor Corp., supported the president Donald TrumpTariffs on China, Canada and Mexico, Fox News Digital learned.
“Nucor applauds the first steps taken by President Trump on his first commercial agenda in the United States,” wrote Leon J. Topalian, president, president and CEO Nucor Corp., in a statement dated Friday by Fox News Digital. “We hope to work with President Trump to enforce our commercial laws and strengthen US manufacturing!”
The letter of the letter says: “Presidential Executive Orders on Canada, Mexico and the People’s Republic of China.”
Nucor is based in North Carolina and serves as the largest steel producer in the country and scrap recycler.
Trump defends the rates, accuses Canada of being “very abusive from the United States”: video
The company’s CEO recently joined Jim Cramer from CNBC and celebrated Trump’s rates at that time as tools to end the “currency manipulation” and the “subsidy” of the steel that arrived in the United States from abroad .
“We saw the memorandum last Monday at the rates and what they are going to do,” Topalian said Tuesday. “And I think they will be of great reach, and I think they will be very wide to stop the illegal discharge, manipulation, currency manipulation and Subsidy of steel entering The coasts of the United States “
“We are the largest steel company in North America, so, of course, we take a look a year and a half ago and, and we will continue looking and see if those assets come back,” he said. “But, part of the reason why we do not advance is the assessment. We are not going to pay more for the assets.”
Nucor once frustrated a Chinese attempt to steal his technology
Trump signed an executive order on Saturday authorizing tariffs on Mexico, Canada and China through the new International Law of Emergency Economic Powers. The rates have an effect on Tuesday and include 25% rates in imports from Canada and Mexico and a 10% rate on China imports. Canada’s energy resources will have a lower 10%rate.
President Donald Trump signed an executive order on February 1, 2025, authorizing tariffs on Mexico, Canada and China through the new International Law of Emergency Economic Powers. (Getty images)
Tariffs were created in the light of “extraordinary” threats derived from “foreigners and illegal drugs, including mortal fentanyl,” according to the order.
Nucor CEO on rates: we have been in a commercial war for 30 years
“This challenge threatens the fabric of our society,” says the executive order. “The members of the gangs, the smugglers, the traffickers of people and the illicit drugs of all kinds have spilled at our borders and in our communities.
“Canada has played a central role in these challenges, even by not dedicating enough attention and resources or significantly coordinating with the United States police members to effectively stop the tide of illicit drugs.”
Tariffs were created in the light of “extraordinary” threats derived from “foreigners and illegal drugs, including mortal fentanyl”, according to President Donald Trump’s executive order. (Somodevilla/Getty images)
Foreign leaders have criticized rates. Mexican president Claudia Sheinbaum said on Saturday that her country “categorically rejected (s) the slander of the White House against the Mexican government of having alliances with criminal organizations, as well as any intention of intervention in our territory.”
Meanwhile, Canadian Prime Minister Justin Trudeau, encouraged residents to “buy Canada” reviewing the labels in stores to ensure that a product is made in the great white north.
Trump defended the tariffs on Sunday night while talking with journalists gathered in the joint base of Andrews in Maryland.
The CEO of the largest steel producer in the United States, Nucor Corp., supported the tariffs of President Donald Trump about China, Canada and Mexico. In the photo, here is a nucor steel recycling plant in Seattle. (Getty images)
“Canada has been very abusive of the United States for many years. They do not allow our banks, “Trump said.” And you know that Canada does not allow banks to enter, if you think about it. That is quite surprising. If we have an American bank, they do not allow them to enter. “
“Canada has been very difficult for oil on energy. They do not allow our agricultural products to enter, essentially. They do not allow many things inside. And we allow everything to come as a unique sense street.”
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Former President Joe Biden also imposed tariffs during his administration, even in steel and aluminum sent from Mexico to the United States. But done elsewhere.
Andrea Margolis of Fox News Digital contributed to this report.
