Donald Trump's punitive tariffs – which he assured us would be paid for by China and not by Americans – are not only being paid for by Americans, they are leading to thousands of job losses and a huge drop in Trump's voter support.
Trump steel tariffs bring job losses to swing state Michigan
Reuters, Oct 9 2020 4:07 AM
President Donald Trump promised a new dawn for the struggling US steel industry in 2016 and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win.Four years later, Great Lakes Works - once among the state’s largest steel plants - has shut down steelmaking operations and put 1,250 workers out of a job. A year before the June layoffs, plant owner United States Steel Corp called off a plan to invest $600 million in upgrades amid deteriorating market conditions.
Trump's strategy centered on shielding steel mills from foreign competition with a 25% tariff imposed in March 2018. He also promised to boost steel demand through major investments in roads, bridges and other infrastructure. But higher steel prices resulting from the tariffs dented demand from the Michigan-based US auto industry and other steel consumers. And the Trump administration has never followed through on an infrastructure plan. Biden leads Trump in Michigan by 8 percentage points, according to a Reuters/Ipsos state opinion poll of likely voters conducted from September 29 to October 6.
https://www.reuters.com/article/us-u...-idUSKBN26U161