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In Michigan steel towns, tariffs meant to revive industry cost jobs

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ECORSE/RIVER ROUGE, Michigan (Reuters) - Some steelworkers who cheered U.S. President Donald Trump's tariffs on foreign steel last year are now being laid off, an unintended consequence of his America First policy as United States Steel Corp reacts to sagging demand from automakers reeling from higher

1 / 10Entrance to the U.S. Steel Great Lakes Works plant is seen in Ecorse, MichiganBy Rajesh Kumar Singh

Steel prices peaked in May 2018 and have retreated to pre-tariff levels after American factories boosted production and demand weakened. City leaders said that without the tariffs, the situation could have been worse, noting that as far back as 2002, the local plant was on the verge of closing. Last week, U.S. Steel warned that falling steel prices would make its third-quarter loss steeper than expected. It said the blast furnace at the Great Lakes Works plant will remain idled through at least the end of the year.

 

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In Michigan steel towns, tariffs meant to revive industry cost jobsSome steelworkers who cheered U.S. President Donald Trump's tariffs on fore... MAGA You gotta feel bad for people who established towns and livelihoods on doing honest hard work only to have politicians who were in bed with industries move their jobs overseas for cheap labor (NAFTA). They did everything right and STILL to this day still get fucked by politicians Doubtful Trump's tariffs will bring back jobs in these steel towns. Imported steel will be still cheaper. These steel workers will suffer for a long time even with Trump tariffs. How long they want to suffer jobless while loving & voting Trump their Saviour? American voters!
Source: Reuters - 🏆 2. / 97 Read more »