Some steelworkers who cheered U.S. President Donald Trump's tariffs on fore...
ECORSE/RIVER ROUGE, Michigan - Some steelworkers who cheered U.S. President Donald Trump’s tariffs on foreign steel last year are now being laid off, an unintended consequence of his America First policy as United States Steel Corp reacts to sagging demand from automakers reeling from higher steel prices.
Steel prices peaked in May 2018 and have retreated to pre-tariff levels after American factories boosted production and demand weakened. City leaders said that without the tariffs, the situation could have been worse, noting that as far back as 2002, the local plant was on the verge of closing. Last week, U.S. Steel warned that falling steel prices would make its third-quarter loss steeper than expected. It said the blast furnace at the Great Lakes Works plant will remain idled through at least the end of the year.
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