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9 months ago
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There are over 200,000 jobs in the US that deal with turning iron into steel in "factories" as you put it. That number has been declining due to global competition.
The tariffs will help American steel profit, yes. This is a good thing. As with every other industry that has benefited from the presidents time in office, the workers will be compensated appropriately. Many other industries will benefit from the lower prices of US steel and aluminum that come with tariffs as they will be able to lower their own costs because their prices of manufacturing will be reduced.
Helping an industry like steel and aluminum has a major impact on the economy. Other nations know this and fear the return of power to the US economy which is why the media has been reporting their threats of retaliation.
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We are looking at a steel industry that has not modernized. With the tax cuts and money that can be raised, in light of the tariffs, they will. Check my facts. Modern factories are more automated and employ fewer workers. Not since the Reagan years, when the steel industry was given focused tax cuts, then closed down multiple plants, allowing the more modern European and Japanese steel mills to take the lead, have people been more deceived into thinking the president cared about workers. Read a bit of history and look at the realities of economics. The current Republican president is the classic con man.
He knows that you cannot cheat an honest person. So, he plays to your greed. You want there to be jobs, so you support him. Look at the coal indusrty for an example. You are being played. As a union member most of my life, I will be very happy to be wrong. But, I rely on facts not wishes.
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Have you forgotten about all the companies that have given raises or bonuses specifically because of things Trump has done?
"The government is no longer against us, we now only have the market forces to contend with" - Luke Popovich, spokesman for the National Mining Association, on the coal industry.
You're right about coal, it didn't see the growth Trump thought it would, but he promised to do what he could and he delivered. The world just doesn't want dirty coal anymore. Everyone is going green and switching to gas or natural energy.
Steel and aluminum are still in demand. With help from Trump they are likely to see better results than the coal industry did.
A one time bonus with a small portion of the trillions they got was good PR, unless you realize it will not continue. The only real growth industry in the US is energy. The world wants and need natural gas to help reduce global warming caused by coal. China is importing record amounts. Putin is doing everything in his power to interfere with our drilling and exporting. That will pass.These tariffs are a bad idea, and many conservatives agree. We are a world held together by trade and driven apart by jealosy. You have hitched your wagon to the currrent Republican president. Good luck.
The steel workers union begs to differ with you that this doesn't help workers and create more jobs.
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THE MODERN STEEL FACTORY EMPLOYS 14 PEOPLE TO MAKE 500,000 TONS OF STEEL A YEAR. TARIFFS=FEWER PAYCHECKS AND BIGGER PROFITS FOR STEEL COMPANIES.
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