December 22, 2017

WINNING THE WAR ON WAGES:

Trump Promised to Protect Steel. Layoffs Are Coming Instead. (ANA SWANSON, DEC. 22, 2017, NY Times)

The layoffs have stunned these steelworkers who, just a year ago, greeted President Trump's election as a new dawn for their industry. Mr. Trump pledged to build roads and bridges, strengthen "Buy America" provisions, protect factories from unfair imports and revive industry, especially steel.

But after a year in office, Mr. Trump has not enacted these policies. And when it comes to steel, his failure to follow through on a promise has had unintended consequences.


That surge of imports has hurt American steel makers, which were already struggling against a glut of cheap Chinese steel. When ArcelorMittal announced the layoffs in Conshohocken, it blamed those imports, as well as low demand for steel for bridges and military equipment.

Posted by at December 22, 2017 7:24 PM

  

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