Mattingly23NY
Turning Fastballs Into Souveneir's ~
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Trumpturd's folly on Steel and Aluminum Tariffs; one of many downfall moves, or one way to piss off GOP members, ntm- Manufacturing Corp's paying a helluva lot more for imported cheap shit steel....
https://www.wsj.com/articles/trumps-tariff-folly-1519950205
Mr. Trump seems not to understand that steel-using industries in the U.S. employ some 6.5 million Americans, while steel makers employ about 140,000. (At our nations peak, steel production accounted for 521,000 US Jobs.
Transportation industries, including aircraft and autos, account for about 40% of domestic steel consumption, followed by packaging with 20% and building construction with 15%. All will have to pay higher prices, making them less competitive globally and in the U.S.
During the 20th century, the consumption of steel increased at an average annual rate of 3.3%. In 1900, the United States was producing 37% of the world's steel, but With post war industrial development in Asia and centralised investment by China, by 2017 China alone accounted for 50%, with Europe (including the former Soviet Union) down to 24% and North America's current production of steel has fallen to 6%.
https://www.wsj.com/articles/trumps-tariff-folly-1519950205
Mr. Trump seems not to understand that steel-using industries in the U.S. employ some 6.5 million Americans, while steel makers employ about 140,000. (At our nations peak, steel production accounted for 521,000 US Jobs.
Transportation industries, including aircraft and autos, account for about 40% of domestic steel consumption, followed by packaging with 20% and building construction with 15%. All will have to pay higher prices, making them less competitive globally and in the U.S.
During the 20th century, the consumption of steel increased at an average annual rate of 3.3%. In 1900, the United States was producing 37% of the world's steel, but With post war industrial development in Asia and centralised investment by China, by 2017 China alone accounted for 50%, with Europe (including the former Soviet Union) down to 24% and North America's current production of steel has fallen to 6%.