Posted on Dec 7, 2018
Trump tariffs a big plus for business: US Steel CEO
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Many liberals disagreed with President Trump putting tariffs on steel and aluminum. They said it would not produce jobs, bad for the economy, ect. However, as this article stated, US Steel added "800 jobs and hired 400 people since the White House’s 25 percent import tax on steel was implemented this spring." And according to CNBC article back in March, US Steel reopened a plant. (https://www.cnbc.com/2018/03/07/us-steel-reopening-plant-and-bringing-back-jobs-ceo-on-trump-tariffs.html ) How could that be bad for the US? I still think that it is better to produce steel and aluminum in the US instead of being dependent on other countries. We need jobs too.
Trump tariffs a big plus for business: US Steel CEO
Posted from foxbusiness.com
Donald Trump
Office of the President (POTUS)
Edited 6 y ago
Posted 6 y ago
Responses: 4
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I know a few soybean farmers that might disagree with you about tariffs.
What is seldom mentioned is someone has to pay for those tariffs. Guess who? The consumer.
What is seldom mentioned is someone has to pay for those tariffs. Guess who? The consumer.
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How could it be bad for the US? From the article:
"U.S. steel prices have climbed sharply since the Trump administration’s announcement that it was imposing tariffs on steel and aluminum imports from China. Companies that are buying American-made steel say that price increases are forcing them to pass along that cost onto consumers or have a lower profit margin resulting into a decline in economic growth."
"U.S. steel prices have climbed sharply since the Trump administration’s announcement that it was imposing tariffs on steel and aluminum imports from China. Companies that are buying American-made steel say that price increases are forcing them to pass along that cost onto consumers or have a lower profit margin resulting into a decline in economic growth."
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MSgt (Join to see)
Would the jobs created for production of steel and aluminum here in the US offset the decline in economic growth?
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Not living in ‘flyover’ country I cannot comment positively. @MSgt Thomas Clifford
We deplorables don’t have much of a voice in any Coastal state! Especially in convoluted CA!
We deplorables don’t have much of a voice in any Coastal state! Especially in convoluted CA!
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