U.S steel production is booming due to Trump admin`s steel tariffs

Coalition For A Prosperous America chief economist Jeff Ferry said to Fox that the Trump administration`s tariffs have a positive impact on the steel industry. This is one of the reasons why Trump is so popular in the United States.

Jeff Ferry said; «…..even as some pundits and economists say America`s steel industry is in decline…… for those who understand the steel industry, it`s clear that the Trump administration`s steel tariffs have generated a boom in steel investment and a shift to newer technologies that are creating high-paying jobs for thousands of new steelworkers.

Steel prices last year were lower than they were in 2017, before Trump`s tariffs. Donald Trump and Wilbur Ross did this because they know the steel industry. They did it because they knew that Communist China subsidized the steel and dumped the prices.

This kind of protectionism is good for Communist China, but it made it difficult for the United States to compete, and this is exactly here where Trump`s «America First» agenda comes in. He protects the U.S steel industry, its workers, and America.

The U.S steel industry is healthy, and steel consumers are better off because they pay the same price for steel now as they did a few years ago. Before the tariffs. Now, the U.S steel industry can invest in new technology, and grow and meet their need much better than before.

This is the difference between Biden who has been in politics for the last 47 years and Trump who is one of the few to stand up against Communist China.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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