Trump's Steel Tariffs Failed Miserably, Biden Should Scrap Them

Over 300 US manufacturers complained to Biden about Trump's steel tariffs. Will Biden remove them?

Jobs in Iron and Steel Production

Historic Shortages

Over 300 US manufacturers sent a Letter to Biden this month, protesting scarce metal materials and unsustainable prices.

 Manufacturers in the United States currently face historic shortages of readily available and globally priced steel and aluminum products at a time when the country is relying on our sector to help drive the economy and overcome the unprecedented challenges caused by the COVID-19 pandemic. 

The temporary increase of 4,800 steel industry jobs in the United States since 2018 recorded by the Bureau of Labor Statistics is not directly attributable to the Section 232 tariffs and is dwarfed by the 6.2 million American manufacturing jobs at risk in steel- and aluminum-using industries.  On some products, American businesses pay 40 percent more for similar steel compared to their European counterparts — an unsustainable situation for any U.S. employer.

Mr. President, we support a strong and thriving steel and aluminum industry, but producers today simply cannot meet demand and the tariffs create a tax that only manufacturers in the U.S. must pay.

Failed Tariffs

The WSJ comments on the letter to Biden.

High prices, low supplies, and financial records for steel makers: It sounds like a perfect time to end Mr. Trump’s tariffs. The latest jobs report said manufacturing employment fell 18,000 in April. It’s 515,000 below the pre-Covid mark of February 2020. With the stroke of an auto-pen, Mr. Biden could lift the burden of 25% tariffs on steel and 10% on aluminum, helping the economy emerge from the pandemic. So what is he waiting for?

Make US Steel Jobs Great Again

US Production of Crude Steel

Trump thought he could make steel jobs great again. 

He failed. Moreover, Trump had to lie to get those tariffs. 

National Security Ruse

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