Reported 1 day ago
After President Biden blocked the acquisition of US Steel by Japan's Nippon Steel, the attention has turned to incoming President Donald Trump, who may resort to tariffs to safeguard American steelworker jobs. While such tariffs previously raised costs for certain industries, leading to net job losses overall, they may be seen as a potential solution to bolster domestic production. Trump's approach could yet influence the future of steel jobs amid complex legal battles concerning the acquisition.
Source: YAHOO