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US Steel to restart Illinois plant after Trump tariffs


I would just remind everyone, with midterms
on the horizon, Trump knows who to grandstand for.

Trump is forcing some dems to defend "bad-trade" deals that ship jobs overseas. Instead of dems talking about better wages and more jobs in America.

Remember Obama going around for 3 years promoting the TPP the GOP were helping him advance? Lets reflect on how awesome that was thru the lens of how Trump won rust belt states that were suppose to automatically go dem. Along the worthless MSM that focus on all the wrong things.


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US Steel to restart Illinois plant after Trump tariffs

By Luis Sanchez - 03/07/18 10:59 AM EST


The United States Steel Corporation announced on Wednesday that it plans to reopen part of a plant in Illinois after President Trump announced a new tariff on imported steel.

U.S. Steel said it is reopening the plant because it anticipates the announced tariff will cause an increase in domestic demand for steel.

“Our Granite City Works facility and employees, as well as the surrounding community, have suffered too long from the unending waves of unfairly traded steel products that have flooded U.S. markets,” said U.S. Steel President and CEO David Burritt.

Burritt also praised Trump for recognizing steel imports as a national and economic security threat.

Trump announced last Thursday that he would be placing a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. The actual tariffs have yet to be released but it is expected the president could sign them sometime this week.

U.S. Steel said it expects to rehire 500 employees this month, although getting the plant up and running again could take up to four months.

“We’ve worked closely and cooperatively with leadership of the United Steelworkers to develop a plan that will help us work through the restart process in the safest, most efficient manner possible while enabling longer-term collaboration designed to improve the plant’s competitiveness,” Burritt said.

Trump’s proposed tariffs have been widely criticized, even by members of his own party. His economic advisor Gary Cohn, a fervent supporter of free trade, announced on Tuesday that he would be leaving the administration.

Many fear that the tariffs could lead other nations to retaliate, triggering a trade war.

The European Union has said it is would likely place its own tariffs on U.S. imports if Trump implements his tariffs on EU exporters.

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3/7/2018, 12:32 pm Link to this post Send Email to Patango   Send PM to Patango
 
Teecher Profile
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Re: US Steel to restart Illinois plant after Trump tariffs


We'll lose thousands of jobs thanks to Trump. Just more prepping for the Greatest Depression ever.
3/7/2018, 12:37 pm Link to this post Send Email to Teecher   Send PM to Teecher Blog
 
Rocketman11 Profile
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Re: US Steel to restart Illinois plant after Trump tariffs


Mr. Trump prevails once again. 500 jobs returning and increased steel production.

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quote:

CurtisG wrote:

Quote, Curtis G.



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Re: US Steel to restart Illinois plant after Trump tariffs


You'll beleive anything

But while there MAYBE (and I stress maybe) 500 jobs here? These tariffs will cost thousands of jobs elsewhere.

You really are not very bright, are you?
3/7/2018, 12:43 pm Link to this post Send Email to CurtisG   Send PM to CurtisG Blog
 
Patango Profile
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Re: US Steel to restart Illinois plant after Trump tariffs


Sorry, elk, but with technological advances, that steel mill will not employ 500 people.

The GOP, home to all uninformed voters.

Sanders and Trump agree NAFTA has to change. They split on how to fix it.

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The demands — detailed Friday in a letter to the White House from Sanders, Elizabeth Warren (D-Mass.), Kirsten Gillibrand (D-N.Y.) and others — in some cases match changes President Trump's team is pushing in talks with Mexico and Canada.

Trump and the progressives, however, split sharply on labor standards, environmental protections and other key aspects of the trade pact, making it unlikely that progressive Democrats would endorse the administration's approach.


“We urge you to renegotiate NAFTA to deliver a deal that we can support,” says the letter, which was backed by labor groups like the AFL-CIO and environmental groups like the Sierra Club, as well as Sens. Jeff Merkley (D-Ore.), Mazie Hirono (D-Hawaii), and Edward J. Markey (D-Mass.). “There is broad public support nationwide and across partisan divides to replace the current rigged U.S. trade agreement model epitomized by NAFTA.”

The letter’s demands include stripping protections for investors and other incentives that critics say encourage outsourcing — matching positions Trump’s team is already bringing to the table.

“The surprising and exciting thing is how much overlap there is between the administration’s proposal and progressive demands about removing NAFTA’s job outsourcing incentives,” said Lori Wallach, of the left-leaning nonprofit watchdog Public Citizen. “The problematic part is that, so far, the necessary environmental and labor standard improvements have not been proposed, and some rollbacks of consumer protections are on the agenda.”

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