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The United States has been a net importer of steel for six decades. It imported more than 20 percent of steel through much of the 1980s, and imports of finished steel today remain in that ballpark, about 25 percent of the market. Imports in 2017, 29.1 billion metric tons, were nearly identical to 2011’s 30.5 billion.
What has changed is that Americans consume far less steel — little more than half as much per capita compared with in the 1970s — as improved technology means automobiles and other applications require less of it. At the same time, improved steelmaking productivity means the industry requires dramatically less labor. Steel production is down by a third since the 1970s, but employment is down by about three-quarters.
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"What has changed is that Americans consume far less steel — little more than half as much per capita compared with in the 1970s — as improved technology means automobiles and other applications require less of it. At the same time, improved steelmaking productivity means the industry requires dramatically less labor. Steel production is down by a third since the 1970s, but employment is down by about three-quarters."
Steel was already shedding jobs in the 1970's, I knew (and worked with) more former steelworkers than employed ones at that time in my area.
I think the tariffs are a smokescreen.
I think Trump is only applying these tariffs in order to force countries to negotiate with him to avoid the tariffs.
Its similar to his approach to North Korea, he scared the crap out of Kim, forcing Kim to hug South Korea (and ultimately hug America).
U.S. Steel to reopen Illinois steel plant due to Trump steel tariff https://www.usatoday.com/story/money....../403064002/
3 days ago - If U.S. Steel restarts part of its plant in Granite City, Ill., which has been out of commission for more than two years, the company could hire 500 workers. The company anticipates the restart could take about four months. White House press secretary Sarah Sanders said Wednesday that the administration is ...
Granite City blast furnace to restart; 500 workers to be called back Granite City IL steel revamped under Trump's import analysis | Belleville News-Democrat
3 days ago - Granite City blast furnace to restart; 500 workers to be called back. ... After two years of silence, a Granite City steelmaking factory will roar back to life due to President Donald Trump's action on imported steel, according to the U.S. Steel corporation. The U.S. Steel Corp ...
Starting to sound like a Liberal Anti-Trump thread. All the Liberal Democrats have predicted that everything he did would not work, but guess what, its working. Don't forget, these are the same folks who said he would never be President, and guess what, he is. America is becoming a much better place to be. If this improves out Steel business, and eliminates some foreign steel, more power to him. Liberal Predictions have no credibility.
"What has changed is that Americans consume far less steel — little more than half as much per capita compared with in the 1970s — as improved technology means automobiles and other applications require less of it. At the same time, improved steelmaking productivity means the industry requires dramatically less labor. Steel production is down by a third since the 1970s, but employment is down by about three-quarters."
Steel was already shedding jobs in the 1970's, I knew (and worked with) more former steelworkers than employed ones at that time in my area.
So what? If we use less Steel, it doesn't mean we have to import all of it now. We still use a lot of Steel, and if we can make it to meet demands, then we have more jobs, more income, can spend more, and improves the economy. There will always be folks who will always come up with reasons why Trump is wrong. Same folks who said ne would never be President.
Starting to sound like a Liberal Anti-Trump thread. All the Liberal Democrats have predicted that everything he did would not work, but guess what, its working.
Trump is a liberal Democrat. Always has been.
Quote:
Don't forget, these are the same folks who said he would never be President, and guess what, he is. America is becoming a much better place to be. If this improves out Steel business, and eliminates some foreign steel, more power to him. Liberal Predictions have no credibility.
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