U.S. Steel To Partially Reopen Illinois Plant In Response To Tariffs Proposal - FbiCables Network | The News that Shapes World Opinion

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Thursday, March 08, 2018

U.S. Steel To Partially Reopen Illinois Plant In Response To Tariffs Proposal

The U.S. Steel Corporation is announcing plans to reopen parts of an Illinois plant, following President Trump’s new tariffs proposal.
The logo for U.S. Steel appears above a trading post on the floor of the New York Stock Exchange, Friday, March 2, 2018. President Donald Trump on Friday insisted “trade wars are good, and easy to win.”  (AP Photo/Richard Drew)
On Wednesday, U.S. Steel President and CEO David Burritt said the company will bring the plant back in anticipation the proposed tariffs will lead to an increase in domestic demand for steel.
He added, the Granite City Works facility and employees have suffered too long from unfairly traded foreign steel products that have flooded U.S. markets.
Burritt also praised President Trump for recognizing steel imports as a national and economic security threat.
U.S. Steel said it expects to rehire 500 employees this month.

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