You are here

Trump's sweeping tariffs on steel will kill off some US steel jobs

Producers that melt and produce their own steel seen as winners but those reliant on imported raw materials are hit

BT_20180312_SMTRUMP128ZC7_3345693.jpg
If NLMK's customers refuse to accept a 25 per cent price hike as a result of the tariffs, nearly 1,200 workers could eventually lose their jobs, says Mr Miller, CEO of NLMK's US unit.

Farrell, Pennsylvania

MICK Lang has been a steelworker for nearly 40 years and voted for businessman Donald Trump in the hopes he would bring about a renaissance for the long-suffering US steel industry - now he worries that President Trump's tariffs on imports of the metal will cost him

sentifi.com

Market voices on: