President Trump has repeatedly cited the steel industry as an example of the effectiveness of his import taxes. Unfortunately, it is proving how ineffective - even counter-productive - they are.
Just a few days ago, U.S. Steel illustrated the industry's problems when it idled a plant in Michigan, laying off about 200 workers. This follows the company's announcement in July that it would also idle a plant in Gary, Indiana. The two moves will cut U.S Steel production by about 200,000 tons.
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