From Mills To Manufacturers, Steel Tariffs Produce Winners And Losers
President Trump boasts that his trade policies are bringing back the steel industry, but corporate earnings reports suggest they're also hurting the bottom line at some manufacturing companies.
President Trump boasts that his trade policies are bringing back the steel industry, but recent corporate earnings reports make clear that they're also hurting the bottom line at many manufacturing companies.
"We're putting our steel workers back to work at clips that nobody would believe, right?" Trump asked the crowd at an Aug. 1 rally in Pennsylvania.
Major American steelmakers have reported higher-than-expected revenue in the second-quarter, thanks in part to Trump's 25 percent tariffs on
