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US Steel Invests $750 Million in Indiana Plant Due to Tarriffs

The trade war is paying off

President Trump’s policies are the major reason why unemployment is low to the point of the US experiencing a labor shortage:

U.S. Steel has announced that they will invest $750 million at their 110-year-old steel manufacturing plant known as Gary Works in Gary, Indiana, crediting President Trump’s protective tariffs on steel imports.

What was once the largest steel mill in the world will now get a $750 million facelift thanks to Trump’s 25 percent tariff on all imported steel into the United States, designed to protect American industries and jobs from being outsourced.

In a statement this week, U.S. Steel executives said they would be revitalizing the Indiana plant which employs about 3,800 American workers, the Chicago Tribune noted.

While U.S. Steel executives say they are not yet planning to increase the number of jobs at the Indiana plant, U.S. Steel Corp. President and CEO David Burritt said the company is “experiencing a renaissance” because of Trump’s tariffs.

“We are pleased to be making this significant investment at Gary Works, which will improve the facility’s environmental performance, bolster our competitiveness and benefit the local community for years to come,” Burritt said in a statement.

“We are experiencing a renaissance at U.S. Steel,” Burritt said.

That manufacturing renaissance for U.S. Steel comes after decades of free trade policies which incentivized American companies to readily outsource their labor force to foreign countries.

 
Doomberg

Written by Doomberg

I am Doomberg, one of the original founding members of Sparta Report, and have been here since the beginning. I am an insatiable news junkie and enjoy reading and writing about the US territories, the Caribbean, video games, smartphones, and of course conservative politics in general.

I also really like pictures of gas stations and claim full responsibility for the silly gas station motif. I'm presently trapped behind enemy lines in a blue state with no hope of escape! The ride never ends.

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