Texas steel pipe maker Borusan Mannesmann Pipe US wants protection against President Trump’s tariffs, the CEO Joel Johnson told FOX Business on Wednesday.
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Borusan’s headquarters are located in Turkey and Trump’s levies would cost the company as much as $35 million a year and undermine expansion plans.
“What we’ve tried to do is spin this into a unique offer for a deal to President Trump and Secretary Ross is to give us a short-term exemption, allow us time to build a new factory alongside our existing one and become 100 percent American steel and pipe and stop imports,” Johnson said to Maria Bartiromo on “Mornings with Maria.”
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Trump says his tariffs on steel and aluminum will boost U.S. business and level the playing field, but Johnson said immunity conforms to what the president wants – more domestic jobs and investments.
The short-term exemption, he added, would also allow Borusan to purchase more hot-rolled coiled steel from U.S. suppliers.
