Trump thinks his tariffs are saving the US steel industry
Source: CNBC
President Donald Trump believes his divisive metals tariffs will save the American steel industry despite any pain the duties have caused so far.
In an interview Wednesday with The Wall Street Journal, the president contended that his trade actions would reduce foreign competition and boost a flagging industry. While steel prices may temporarily be "a little more expensive" which has prompted criticism from some economists, Republican lawmakers and companies that use steel inputs the tariffs will ultimately pay off by boosting U.S. companies, the president contended.
He argued that steel plant openings show his tariffs are working and creating a "booming" steel industry, according to the Journal.
Many economists, business leaders and even members of his own party disagree.
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Read more: https://www.cnbc.com/2018/08/16/trump-says-his-tariffs-are-saving-us-steel-industry.html
moreland01
(739 posts)when your college degree is handed to you on a silver platter; bought and paid for by daddy. Donald Dunce. Quack.
iluvtennis
(19,861 posts)SWBTATTReg
(22,130 posts)I know of only one plant opening (Granite City, IL) and not necessarily because of tariffs. I think this reopening was already planned.
What evidence does this idiot have on anything he claims?
hibbing
(10,098 posts)RainCaster
(10,882 posts)Those conservative rednecks would never doubt anything he says, even when it is in their wheelhouse to call BULLSHIT.
Major Nikon
(36,827 posts)I suppose the silver lining is the perennially stupid now have a candidate that directly represents their ideals and they couldn't be happier.
KY_EnviroGuy
(14,492 posts)he is God, the president of planet earth, all-seeing and omnipotent in all things in the universe.
That said, he's full of shit.
Steel mills don't just pop up like Dollar Stores. Many of the ones we do operate need expensive updates and several are owned by foreign interests. Further, we know that we never can fulfill all our needs for steel products without massive imports. He's just spouting fluff and bullshit for his base.
.......... ..........
LastLiberal in PalmSprings
(12,586 posts)Two points:
1. Trump doesn't (or can't) read; and
2. Even if he could, he'd never read anything that disagreed with his preconceived notions.
Farmer-Rick
(10,182 posts)Some people who support Traitor Trump say they will, maybe, plan to, perhaps open a US steel plant. But no one has opened anything.
As is typical of Traitors and con men, it's all talk.