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Thing. and that's what's gonna hurt us as a company if this goes through. >> if they impose tariffs on the slab, it will harm our business very bad. >> reporter: california steel is the largest producer west of the rockies. california imports its raw material in slabs, converting it into coils and pipes then selling it to companies that turn finish school into framing, solar panels and more. >> talking about saving american jobs, right? we are american jobs. >> reporter: he said one problem is transportation. importing slabs from mexico or brazil by ship cost $20 a ton. moving it by rail from ...

When the sequestration kicks in. >> woo dough can't do this teenly marginal reduction in spending which ultimately by the end of the decade isn't even a reduction in spending it is just a reduction in the growth of spending god forbid what our future is if we can't to that. >> shannon: part of a powerful news block starting with chris wallace ex-clue you suv interview with mitt romney and ann romney. and then john roberts exclusive special on the debt at 8:00 eastern. coming up, sequestration cuts officially in effect. california and virginia could be tightening their belts as some of the deep...