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Trump's Tariffs Already Benefitting U.S Economy

U.S. Steel to restart Illinois plant after tariff announcement

U.S. Steel Corp. says it will restart one of two blast furnaces along with steel-making facilities in Illinois after President Donald Trump announced a 25 percent tariff on steel imports.

The Belleville News Democrat reports that Pittsburgh, Pennsylvania-based U.S. Steel said Wednesday that it anticipates calling about 500 Granite City Works employees back to work in March. The company says the change comes due to anticipated demand for more U.S. steel in response to Trump's tariff announcement last week.

About 2,000 workers were laid off when U.S. Steel idled the St. Louis-area plant in late 2015.

U.S. Steel president and CEO David Burritt says Trump's action "recognizes the significant threat steel imports pose to our national and economic security."

Trump has said the tariffs are needed to preserve American industries and protect national security.
http://www.chicagotribune.com/busin...ty-illinois-plant-restart-20180307-story.html

:clap:
 

xfire

New Twitter/X @cxffreeman
lostmanufacturing.jpg


tenor.png
 
Major U.S. solar company blames job cuts on Trump’s solar import tariff

President Trump’s decision to impose tariffs on imported solar materials is already taking its toll on U.S. jobs.

After putting plans on hold last month to expand its factories in the United States, SunPower Corp., one of the nation’s largest solar panel manufacturers, now intends to lay off between 150 and 250 workers from its U.S. operations, or 3 percent of its global workforce, as part of a plan to cut operating expenses by 10 percent.

SunPower attributed the job cuts to the 30-percent tariffs imposed by the Trump administration on imported solar cells and panels, The Hill reported Wednesday. Company chief executive Tom Werner estimates the new tariffs will cause the company to lose $50 million in 2018 and as much as $100 million in 2019.
[...]
https://thinkprogress.org/sunpower-to-cut-us-solar-jobs-e41d0972aa0c/



Trump hits solar imports with tariff but still concedes millions of jobs to China


President Donald Trump decided to slap a 30 percent tariff on imported solar cells and panels, the White House announced Monday. The tariff comes after the U.S. International Trade Commission ruled last year that China had harmed the domestic solar manufacturing industry with policies aimed at taking over the global market.

While the administration claimed the president was acting to protect American jobs, the new tariff is only the latest in a series of efforts by the White House to slow the installation of renewable energy in this country in favor of fossil fuels — a strategy that kills jobs in both the near term and long term.

In the near term, the Solar Energy Industries Association (SEIA) says Trump’s decision may cost the fast-growing industry — which currently employees over 260,000 people, primarily in the installation business — some 23,000 jobs this year, and cause billions of dollars in solar investments to be canceled or delayed. Greentech Media tweeted that it expects “potential installations will be reduced by approx. 10% through 2022.”

In the long term, many millions of jobs are at risk from Trump administration’s long list of anti-clean energy policies. Ironically, in justifying this tariff, the White House Office of the U.S. Trade Representative asserted that “from 2012 to 2016, the volume of solar generation capacity installed annually in the United States more than tripled.” They attributed that to artificially low prices driven by “China’s industrial planning… a focus on increasing Chinese capacity and production of solar cells and modules, using state incentives, subsidies, and tariffs to dominate the global supply chain.”

So the White House is conceding that this is a very rapidly growing industry and that smart domestic policies can be used to achieve global leadership — at the very time the Administration is doing everything it can to undermine U.S. leadership in clean energy.
But if members of the Trump White House actually cared about the solar industry — if they wanted to seriously compete with China for the millions of jobs being created by this and other fast-growing renewable industries — they wouldn’t have embraced a series of policies aimed at harming the domestic industry.

Just one year into his presidency, Trump’s anti-renewable policies include: gutting the budget for clean energy, working to gut the EPA’s Clean Power Plan, withdrawing from the Paris climate agreement, and even trying to get federal regulators to raise consumer energy bills in order to subsidize coal and nuclear power plants.

The fact is that Trump’s new solar import tariff — which declines over time and disappears after four years — can’t revive the domestic solar manufacturing industry in this country. Prices are dropping way too fast here and abroad for a modest, short-term “fix” to help.
Restoring U.S. leadership in clean energy would instead require the same sweeping, long-term support for the industry that China and Germany and many other countries provide, exactly the kind of support the president reserves for fossil fuels.
https://thinkprogress.org/trump-solar-import-tariff-decb0e7b4000/


#TrumpSlump
 
After all the pronouncements of doom and gloom be it the ”Armageddon" of tax reform, to Trump's tough talk towards N. Korea starting a nuclear war, moving the US embassy to Jerusalem will ignite the Muslim world, pulling out of Paris Accord will cause the planet to burst into flames, and so on and so on, forgive me if I'm not believing these chicken littles claiming tariffs are going to drive our economy off a cliff and start a trade war. Aren't we already on the losing side of a trade war and isn't what is being proposed just levelling the playing field? And didn't President Obama slap tariffs on imported tires?
 

ChuckFaze

Closed Account
... Aren't we already on the losing side of a trade war and isn't what is being proposed just levelling the playing field? And didn't President Obama slap tariffs on imported tires?
China's L i t t l e Red Wagon certainly needs to be fixed. It sure seems like 80% of what we buy says "Made in China" on it. Out of the rest of the 20% ... 10% says made in El Salvador, Honduras, Bangladesh, Viet Nam, India, Mexico and various other countries that are not the USA. It really seems like only about 10% of whatever we buy says "Made in the USA." Shit! Yeah, I'd say trade needs some major realignment. Yeah, China needs a major fucking in the ass ... and without complaining. Mutha Fuckers!
 
Even some Democratic politicians praised Trump's actions, including Senator Sherrod Brown of Ohio.
"This welcome action is long overdue for shuttered steel plants across Ohio and steelworkers who live in fear that their jobs will be the next victims of Chinese cheating," said Brown's statement. "If we fail to stand up for steel jobs today, China will come after other jobs up and down the supply chain tomorrow."

Senator Bernie Sanders promised to impose tariffs on China "until they stop dumping steel into the United States" during his 2016 presidential campaign, but his office declined to comment on Trump's tariff proposal.
http://money.cnn.com/2018/03/05/news/economy/trump-steel-aluminum-tariffs-support/index.html

I couldn't agree more
 
President Trump on Thursday signed a pair of proclamations that impose tariffs on imported steel and aluminum while offering relief to some U.S. allies, as the president took his most significant step yet away from free trade but stopped short of the global tariffs his GOP allies begged him to avoid.

The tariffs, set to take effect in 15 days, do not apply to imports from Canada and Mexico so that U.S. officials can assess progress as they renegotiate the North American Free Trade Agreement.

Other countries with a “security relationship” to the United States may seek exemptions by opening talks with the administration on “alternative ways” to address the threats the administration alleges their products pose to national security.
https://www.washingtonpost.com/busi...4bfff693d2b_story.html?utm_term=.905fd28dfdea

I'm glad he gave our allies Canada and Mexico exemptions and the offer is also being extended to other countries that we have a security relationship with. It's so funny how the media always freaks the fuck out when he makes these kinds of policy announcements. They were freaking out about the fact that it would be a blanket tariff proposal but as we now know it's not. As usual it's never as bad as they make it out to seem. Total overreaction.
 
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