January 30, 2019

DONALD WHO?:

Why Trump's Tariffs Didn't Help Create More Steel Jobs (Joe Deaux, January 30, 2019, Bloomberg)

Visiting the massive steel mill in Crawfordsville, Ind., operated by Nucor Corp., the largest American steelmaker, helps explain why the much-ballyhooed steel tariffs promoted by Donald Trump have so far been a bust for the steelworkers he successfully courted in his 2016 presidential bid. The Crawfordsville facility, set amid sprawling acres of farmland, looks like many other plants. But the 30-year-old factory has the ability to shrink or expand production at will, depending on demand by customers, while employing pretty much the same number of workers.

That flexibility is why, as the first year of Trump's steel tariffs comes to a close, the U.S. industry's biggest players are enjoying increasing demand and revenue but adding few of the jobs promised during the campaign.

Posted by at January 30, 2019 3:54 AM

  

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