I did read the article. Is it possible that - you didn't think about Posted: Mar 13th, 2018 - 8:12 am In Reply to: Did you read the article you posted? - sm
it after you read it like Trump obviously didn't think about what he did.
You quoted the article and added a question?
Per you: Here's a quote from the article:
"Some steel executives such as Miller say this is the ultimate irony: by acting ostensibly to protect U.S. steel jobs with sweeping tariffs, Trump will also kill off some steel jobs."
"What if he kills off steel jobs from foreign-owned plants while creating more jobs at US plants?"
We have lots of foreign companies in our country that are providing lots and lots of jobs to Americans. Let's say we shut this particular plant down and open a similar American company that makes the steel they use to provide these steel rolls to American companies. Who is going to buy the products besides American companies? What other countries are going to buy our products because our products will cost more.
Will other foreign companies that produce thousands and thousands of jobs in our country leave our country and produce their products elsewhere?
Isolating us from the global economic world we live in is not the answer. It will also not bring American companies that offshore, such as auto manufacturing, back to this country. They will buy their rolls of steel from other countries because like it or not, our steel will cost too much. It may even send more of these companies offshore.
Maybe you should re-read the article and really think about what the article says and what the tariffs mean for us.
This company went bankrupt when it was owned by the US.
"The Farrell mill was originally owned by a U.S. firm that went bankrupt in 1992 and was subsequently owned by British and Swiss companies before the Russians bought in back in 2006. Since then, NLMK has invested around $1 billion in its U.S. operations, U.S. CEO Miller said."
"Miller said tariffs will also force NLMK to shelve planned $600 million investments in plants in Pennsylvania and Indiana, around $400 million of which was earmarked for upgrading antiquated equipment at its Farrell plant."
It's really sad that people such as Trump and apparently you do not understand that we do live in a global economy, like it or not, and if we want to continue to be competitive we can't lose more jobs due to tariffs.
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