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U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans
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(03-12-2018, 07:23 AM)flsprtsgod Wrote:(03-12-2018, 07:14 AM)The Real Marty Wrote: Raising the price of steel for American manufacturers is not going to cause them to employ more people. Quite the opposite. They will move plants overseas to avoid the tariffs on steel imported to the US. There are about 50,000 steel workers, and about 6 million workers at plants that use steel, so it's hard to see how raising the price of steel will be a good thing. Good for the 50,000, but bad for the 6,000,000. Not to mention the consumers who will have to pay more for products that contain steel. |
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