JusticeHammer
Platinum Member
- Apr 20, 2017
- 7,318
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Not Trump's fault. The pandemic and Biden are to blame. Stupid lib.Everything Donald Trump has touched since January 2017 has turned brown and smelly.
Donald Trump levied tariffs on steel to create more jobs in the steel industry. However, the steel industry has lost jobs and is closing steelworks.
On top of that, steel prices went up to other US manufacturers who are now paying more for steel which has contributed to the downturn in US industries that use steel.
The negative effects of Donald Trump's tariffs prove that tariffs do not create jobs, they just raise prices and reduce demand.
"Trump repeatedly promised he would revive the steel industry through trade war measures primarily aimed at imports from China and Europe. The expectation of the tariffs and the tariffs themselves sent stock prices up in anticipation of huge profits. However, the protectionist measures have had the opposite effect."
Let us pray that Donald Trump's damage to the US and world economy is only temporary and will recover after Donald Trump's impeachment and expungement.
Steel layoffs in US mount due to falling production and trade war