Impact of President Trump's Tariffs on British Steel
Rep. Don Bacon believes Congress made a mistake in giving tariff authority to the president and suggests it should be taken back. The UK's British Steel blames President Trump's tariffs for the closure of its blast furnaces, putting 2,700 jobs at risk.
Key Points
- Rep. Don Bacon criticizes Congress for giving tariff authority to the president
- British Steel blames Trump's tariffs for planned closure of blast furnaces
- Closure puts 2,700 jobs at risk and ends steel production in the UK after 150 years
- Jingye cites tariffs as the reason for financial unsustainability
- National security implications due to potential closure
- UK on the verge of losing domestic primary steelmaking capacity
- Trump's efforts to keep U.S. Steel in American hands