U.S. Steel announced it will temporarily halt production at two domestic plants despite the boost from the Trump administration’s tariffs, as a steel industry singled out for federal support shows signs of weakening.
On Tuesday, U.S. Steel said it would temporarily halt operations at a blast furnace near Detroit as well as one in Gary, Ind., on the shore of Lake Michigan. U.S. Steel will be idling a third plant in Europe, the company said.
The closure runs in sharp contrast to the narrative President Trump has offered about the steel industry. Tuesday night in Orlando, as he formally announced he was running for reelection, Trump boasted about helping the steel industry through the use of tariffs on imports...FULL STORY