Trump's Steel and Aluminum Tariffs Will Create Jobs and Secure America's Industrial Base

From the Alliance for American Manufacturing

President Donald Trump on Thursday announced he expects to issue a 25 percent tariff on imported steel in response to the national security investigation he initiated last spring.

The need for steel action remains clear, according to Commerce Department findings that point to at least 10 blast furnaces closing since 2000. Meanwhile, steel imports continue to surge with an increase of over 15 percent in 2017.

Said Alliance for American Manufacturing (AAM) President Scott Paul: 

"President Trump made an encouraging show of support when he met with steel industry executives today. Now it's time to act on the Section 232 investigation.

"We're on the brink of a potentially historic rebalance of America's trade priorities. As we noted in a letter to the president this week and our cable TV ad, we are confident a robust steel trade action is good for our economy. A decision to retore sanity to global steel markets will help create domestic jobs and preserve our national security.

"But to achieve those results, the president's enforcement action must be broad, robust and comprehensive. We urge the president to stand by our nation's steel communities. They are counting on him to follow through on this."

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Who Really Pays for Tax Cuts?

Who Really Pays for Tax Cuts?

Union Matters

Even Super Good Times Sometimes Stop Rolling

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

India’s self-styled “King of the Good Times,” the Kingfisher beer and airline baron Vijay Mallya, seems to be in store for lots of not-so-good times. This past September, a local court ordered the sale of the super yacht Mallya had abandoned in Malta — complete with 40 crewmembers — after his arrest in London on fraud and money-laundering charges. Earlier this month, another court ruling awarded the abandoned crew almost $1 million in back pay. Mallya is now fighting extradition to India. The cells in India’s Mumbai Central Prison, he’s complained to British authorities, lack natural light. The 62-year-old is also tweeting regularly that he’s not getting “fair treatment” from politicians and the media. Mallya’s yacht, meanwhile, has begun a new life as a charter boat renting for $850,000 per week.

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