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Reason
Reason
Eric Boehm

The White House Ballroom's Imported Steel Shows How Tariffs Encourage Cronyism

It might be the perfect parable to summarize the Trump administration's trade policies: The new ballroom under construction at the White House will be built with imported steel.

"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 New York Times reported this week. The steel has been "donated" to the project, and the exact value of that contribution remains uncertain—but Trump boasted last year about having secured a $37 million donation of steel for the project.

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