President Trump’s tariffs have delivered big gains for the steel industry and as a result, the hardworking steelworkers are supporting President Trump’s America First agenda.
The American steel industry is, by and large, “very happy” with President Trump’s protective tariffs on imported steel and aluminum.
In an interview with CNN, U.S. steel industry leaders praised Trump’s 25 percent tariff on imported steel, a protection effort designed to bring steel jobs back to the country after free trade deals decimated the industry for the past two decades.
President Donald Trump’s metal tariffs have sent steel prices surging and sparked blockbuster profits for steel manufacturers.
Reliance Steel & Aluminum () hauled in record sales, thanks to an 18% spike in prices. Nucor ( ) recorded the best second quarter in its history. Its profit more than doubled.
“All in all, we’re very happy with tariffs,” Nucor CEO John Ferriola told analysts earlier this month.
American steel workers have also previously thanked Trump for imposing the tariffs on imported steel and aluminum, as Breitbart News has chronicled.
Bronson Jones, who co-owns Banner Metals, recently told the NewYork Times’ Nelson Schwartz that he sees the tariffs and Trump’s moves to hold China accountable on trade as a benefit to the American economy in the long term.
“I’m not looking at what’s best for Banner right now. I’m looking at what’s best for the national economy,” Jones said. “The U.S. has been taken advantage of for too long.”