President Donald Trump's tariffs and approving the U.S. Steel-Nippon Steel merger can help restore American manufacturing.

The pain won’t just be felt by foreign steel and aluminum plants. The tariffs will likely drive up costs for American companies that use the metals, such as automakers, construction firms and beverage makers that use cans. The threats to the economy have rattled stock markets.

Steel industry leaders urge Trump to maintain strict 25% tariffs on foreign imports, citing past exemptions' negative impact on domestic producers.