Trump Claims Tariffs Will Rescue US Steel Industry

President Trump believes his tariffs on steel imports will save the American steel industry.  In an interview with the Wall Street Journal, Trump predicted that higher steel prices caused by the 25% tariff on foreign steel will eventually give way to lower steel prices.  He also claimed that sanctions on steel imports will bring more competition between steel companies within the U.S.  He noted that the U.S. market will soon be like it was in the old days when "U.S. Steel was our greatest company."

Photo: Getty


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