Trump's 'National Security' Steel Tariffs Are Just Old Fashioned Protectionism. Here's the Data To Prove It.
The department has granted just 1 percent of the tariff exemption requests that were challenged by domestic steel producers.
The department has granted just 1 percent of the tariff exemption requests that were challenged by domestic steel producers.
Trump, big labor, and America's reputation as a trading partner emerge as winners, but free trade takes the loss in the USMCA.
A Michigan steel plant annnounced it's closing at the end of the year, while U.S. Steel stocks are down 75 percent since Trump's tariffs were announced.
Trump's steel protectionism seems to have failed. Again.
The biggest American steelmaker says there has been reduced demand for their products in recent months, probably because they raised prices after Trump slapped tariffs on foreign steel.