Steel Tariffs May Trip Up Another Industry Trump Loves: Coal
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President Donald Trump’s proposed steel tariffs may have a downside for U.S. coal miners.
While tariffs could increase domestic demand for metallurgical coal -- which is used in the steelmaking process -- most of the market for that fuel is abroad. About 75 percent of the coking coal U.S. miners produced in 2017 was sold internationally, with Brazil, Japan and Ukraine being the biggest buyers, according to the National Mining Association.