(Metal tariffs) US steel companies hail Trump

Friday, March 09, 2018

The tariffs are welcome news for American aluminum and steel companies, however.

Even before President Donald Trump signed off on the new tariffs, U.S. Steel provided him with a proof point for his rationale by announcing it would reopen part of a Granite City, Illinois, plant that closed in 2015 in a move that the company blamed in part on "unfairly traded imports.”

The reopening will bring back about 500 U.S. Steel workers who had lost their jobs in the closure.

U.S. Steel chief executive David Burritt hailed Trump for taking steps "to begin to level the playing field so companies like ours can compete, win and create jobs that support our employees and the communities in which we operate as well as strengthen our national and economic security.”-AP