Promises Kept to our Steel Industry

Trump’s 50 Percent Tariffs on Steel, Aluminum Take Effect, Aimed at Boosting US Production

By doubling the levies, foreign companies ‘can no longer get over the fence,’ Trump said.

“In my judgment, the increased tariffs will more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminum in the United States market and thereby undercut the competitiveness of the United States steel and aluminum industries,” Trump’s proclamation read.

“Although the previously imposed steel and aluminum tariffs have helped provide critical price support in the United States market, they have not yet enabled these industries to develop and maintain the rates of capacity production utilization that are necessary for the industries’ sustained health and for projected national defense needs.”

Trump announced his plan first on May 30 during a rally held at the U.S. Steel Corporation’s plant near Pittsburgh to celebrate the newly announced partnership with Japan’s Nippon Steel.

Read more... of Promises Kept. Watch some stupid America Last judge try to end this tariff.

Partnership between U.S. Steel and Nippon Steel

Trump Announces Major Job-Creating Deal That Biden Blocked on His Way Out the Door

President Donald Trump endorsed a “planned partnership” Friday between U.S. Steel and Nippon Steel, claiming the deal between the two steel giants will constitute the largest economic investment in Pennsylvania’s history.

The president’s decision to greenlight a partnership between the Japanese steel company and its American rival producer caps off a years-long fight over the fate of the iconic Pennsylvania company, U.S. Steel.

Trump announced the steel company will remain headquartered in Pittsburgh and that the Japanese steel company’s investments will add at least 70,000 jobs to the economy.

The Trump administration’s endorsement of a U.S. Steel-Nippon Steel partnership follows former President Joe Biden’s decision to block the sale of U.S. Steel to its Japanese competitor for nearly $15 billion in January, citing national security and supply chain concerns.

Read about merger

U.S. Steel's sale to Nippon Steel blocked

US Steel Boss: Biden's Block of Sale Shameful, Corrupt

David Burritt, the president and CEO of U.S. Steel, said Friday that President Joe Biden’s decision to block the company’s sale to a Japanese rival was “shameful” and “corrupt.”

Biden’s long-awaited decision on the deal came in a presidential order posted Friday on the White House website, declaring Nippon Steel’s $14.9 billion bid for the U.S. steelmaker “prohibited.”

White House press secretary Karine Jean-Pierre told reporters Biden was acting on a recommendation by the Committee on Foreign Investment in the United States that the acquisition “would place one of America’s largest steel producers under foreign control and create a risk for our national security and our critical supply chains.”

Read more about it...

Read the Government's Statement

Biden made the correct decision on this one.  Trump's statement below--

"I will use tax incentives and tariffs to make U.S. Steel "Strong and Great Again, and it will happen FAST!"
Donald Trump

The Selling off of America

US Steel, Founded by Andrew Carnegie and J.P. Morgan, Sold to Foreign Company

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Japan’s Nippon Steel in an all-cash deal valued at approximately $14.1 billion.

The transaction is worth about $14.9 billion when including the assumption of debt.

The price tag for U.S. Steel is nearly double what was offered just four months ago by rival Cleveland Cliffs. U.S. Steel, which rejected that offer, confirmed the offering price from Nippon early Monday.

Shares of United States Steel Corp. soared more than 27 percent before the opening bell Monday.

As one person commented, "At one time Pittsburg Steel was some of the finest worldwide. It helped build America; a shame it had to be sold to a foreign nation but as our country is slowly disintegrating into a 2nd world nation everything is changing."

Read about it...

Good news for Florida

Steel manufacturer announces Frostproof plant

[The Herald Tribune] Nucor Corp. of Charlotte, North Carolina, announced plans to build a $240 million steel mill in central Florida.

Sean Malott, executive director of the Central Florida Development Council, said he believed President Trump’s recent announcement on steel tariffs helped. “It’s one of the reasons the company is looking at expansion opportunities,” Malott said.

President Trump's policy on tariffs is paying off.

President of United Steelworkers approves Trump's Trade Deficit Policy

Trump - The winning streak continues

President Elect Donald Trump keeps on doing it--Making America great Again.  He's using his phone and getting things done.

Donald Trump’s deal with Carrier that saved over 1,000 manufacturing jobs in the U.S. may not be large in the grand scheme of things (considering we have a nearly $19 trillion economy), but it’s a preview of what’s to come.

While Trump individually negotiated the Carrier deal, keep in mind he isn’t even president yet. He hasn’t been able to reform the tax code as a whole in a way to encourage jobs to return to the U.S. at a macro level, said Allen West.

But at least one business leader is planning on expanding following Trump’s victory. As CNBC reported: United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.

Read about it... at CNBC.