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nafta is North American free trade area
Maybe Trump has mates that own US steal mills that would be "GREAT" for them
I think the US have the capascity about 20% or so to match consumption to production as its the world steel price drives us Steel production.
What Trump is attempting to do is create an artifically driven increase in Steel price within the US, That will allow the increase of US steel production.
I am sure that the trarifs will not effectively flow back to the users of the steel or that even if it does that it will balance the increase in raw materials cost that will effect the end users.
But if you own a steel mill in the USA, good times ahead..........
In the early days of the Reagan Administration, steel firms won substantial tax breaks in order to compete with imported goods. But instead of modernizing their mills, steel companies shifted capital out of steel and into more profitable areasTwo-thirds of the iron and steel produced in the US is made from recycled scrap, rather than from iron oreNucor is North America's largest recycler of any material and recycled 16.9 million tons of scrap in 2015. None of Nucor's facilities are unionized.
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