Trump thinks his tariffs are saving the US steel industry
Source: CNBC
President Donald Trump believes his divisive metals tariffs will save the American steel industry — despite any pain the duties have caused so far.
In an interview Wednesday with The Wall Street Journal, the president contended that his trade actions would reduce foreign competition and boost a flagging industry. While steel prices may temporarily be "a little more expensive" — which has prompted criticism from some economists, Republican lawmakers and companies that use steel inputs — the tariffs will ultimately pay off by boosting U.S. companies, the president contended.
He argued that steel plant openings show his tariffs are working and creating a "booming" steel industry, according to the Journal.
Many economists, business leaders and even members of his own party disagree.
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Read more: https://www.cnbc.com/2018/08/16/trump-says-his-tariffs-are-saving-us-steel-industry.html
= new reply since forum marked as read
he is God, the president of planet earth, all-seeing and omnipotent in all things in the universe.
That said, he's full of shit.
Steel mills don't just pop up like Dollar Stores. Many of the ones we do operate need expensive updates and several are owned by foreign interests. Further, we know that we never can fulfill all our needs for steel products without massive imports. He's just spouting fluff and bullshit for his base.
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Two points:
1. Trump doesn't (or can't) read; and
2. Even if he could, he'd never read anything that disagreed with his preconceived notions.
