Pressure is growing on Trump to remove his steel and aluminum tariffs, but the president claims they are working.
A worker leaves U.S. Steel Edgar Thomson Steel Works on March 10, 2018 in Braddock, Pa. By Heather Long Heather Long Economics correspondent Email Bio Follow May 7 at 3:45 PM President Trump has shown little interest in removing the steel and aluminum tariffs he imposed more than a year ago despite growing evidence Americans are paying a hefty price for these tariffs and increasing pressure from Republicans in Congress to remove them.
Supporters of Trump’s tariffs, such as the Alliance for American Manufacturing, counter that more than 12,700 good-paying jobs have been created or saved at steel and aluminum factories since the president put this policy in place in March of 2018. They also point to substantial amounts of investment in U.S. metal mills that should benefit the nation for years to come, including $1 billion that was just announced at a U.S. Steel plant outside Pittsburgh.
“The consumer pays for this in the end. They just don’t always recognize it,” said James Knott, Jr., chief executive of Riverdale Mills Corporation in Northbridge, Mass., which makes wire mesh products for everything from fences to commercial fishing nets. “These 232 tariffs protect my foreign competition rather than protecting me."
“If these tariffs aren’t lifted, USMCA is dead. There is no appetite in Congress to debate USMCA with these tariffs in place.” wrote Charles “Chuck” E. Grassley last week in a Wall Street Journal opinion piece.
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