(NEWSER) – US Steel Corp says it will soon restart a blast furnace in Illinois that has been cold for over two years thanks to the 25% tariff on imported steel announced by President Trump last week, Politico reports. US Steel President David Burritt blames “unending waves of unfairly traded steel products” arriving in the US for the poor fortunes of steel workers in Granite City. He believes the planned tariff will turn that around. Restarting the blast furnace at Granite City Works will take up to four months. And while some believe Trump’s tariffs on steel and aluminum will be political winners, many experts are predicting harm to the US economy.
Of course there are negative spins by economists. Did you not expect that?
They say more jobs will be lost because of retaliatory moves by Europe. So, the answer is to continue to let the United States participate in such unbalanced trade that our steel mills are shut down.