Loading prices...

Register/Sign in
ScrapMonster
Sell Your Junk CarGet an instant quote for your car on ScrapMonster.com
Steel News October 20, 2020 02:33:34 AM

Michigan Steelworkers Hurt by Tariffs, NBC Reports

Paul Ploumis
ScrapMonster Author
Steelworkers in Michigan have been hurt by the Trump administration’s tariffs on steel, NBC News reported on Oct. 9.

Michigan Steelworkers Hurt by Tariffs, NBC Reports

SEATTLE (Scrap Monster): Steelworkers in Michigan have been hurt by the Trump administration’s tariffs on steel, NBC News reported on Oct. 9.

The network noted that “higher steel prices resulting from the tariffs dented demand from the Michigan-based U.S. auto industry and other steel consumers.” It went on to state that the domestic steel industry has been “shedding jobs” since even before the pandemic and that the industry “now employs 1,900 fewer workers than it did when [President] Trump took office.”

The losses include 1,250 people losing their jobs at Great Lakes Works, and the story quotes the grievance committee chairman at the plant’s United Steelworkers Union chapter as saying, “I don’t see any policy that helped us. We are losing our damn jobs here.”U.S. Steel, which owns Great Lakes Works, continues to defend the administration’s tariffs, with a spokeswoman saying they “ensure the strength of America’s steelmaking capacity during this pandemic.”

U.S. Steel’s stock price has dropped about 80 percent since Trump announced in March 2018 that he would impose Section 232 tariffs on steel and aluminum.

Courtesy: AIIS         

×

Quick Search

Advanced Search