Donald Trump is imposing a 25% tariff on imported steel and 10% on auminium.
A Newsweek report published in 2016 found Trump used cheap Chinese steel and aluminum in two of his recent construction projects and went to great lengths to cover his tracks. Donald Trump turned his back on the U.S. steel and aluminum industries but, somehow, is claiming to be its savior. -
"Donald Trump used Chinese steel and aluminum. The United States has a long history of producing high-quality steel and aluminum, but Trump chose Chinese manufacturers in at least two of his recent construction projects. The Trump International Hotel Las Vegas and the Trump International Hotel & Tower Chicago both used tons of Chinese metals. The origin of the steel used was obscured. The origin of the steel used to build the Trump hotel in Las Vegas was hidden through a tangle of “various corporate entities, including holding companies registered in the British Virgin Islands," a popular location for offshore entities who place a premium on, ahem, discretion.
Trump spent at least $350 million on Chinese aluminum. Newsweek estimated Trump used 207,000 feet of Chinese aluminum for the Trump hotel in Chicago. Conservative estimates based on pound per foot means at least $350 million in sales went to a subsidiary of a Chinese aluminum manufacturer. This, when the American aluminum industry is collapsing. In the past two years, “more than half of the country’s aluminum smelters in states like Ohio, West Virginia and Texas have closed as a result of being undercut on price by competition from overseas.”
This report was published before the presidential election, and yet huge numbers of "rustbelt" voters still chose Trump!!!
Out of the mouths of babes ........
Good Morning Saturday 25th March 2023
De-cluttering, the never-ending process
Police horse's attacked by dog