Just months after the mainstream media slammed President Trump’s stiff tariffs on steel and aluminum for provoking a devastating “trade war” with China and Canada, US steel workers are now poised to receive their “biggest pay raise” in years.
According to Reuters, “United States Steel Corp workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. President Donald Trump’s clampdown on foreign imports are finally trickling down.”
“Trump’s restrictive trade policy, coupled with a strong economy, has sent domestic steel prices soaring, helping U.S. Steel post a near 60 percent increase in pretax profits in the June quarter,” adds the article.
Canada pushed back against the Trump administration’s tariffs in recent days; unveiling their own 25% tax aimed at American-produced steel products.
Read the full story here.