Hustle Up, President Trump

Matthew McMullan

Matthew McMullan Communications Manager, Alliance for American Manufacturing

On Tuesday dozens of steelworkers were on Capitol Hill, urging members of Congress to lean on the Trump administration to complete the Section 232 investigations into steel imports.  

Today, they sat down with Commerce Department officials, spoke by phone with Secretary Wilbur Ross and made the same request: Finish what you started.

“We told them 'you said you were going to do something, now you have to act,'” said Tom Conway with the United Steelworkers.

They’ve got a point. When President Trump announced these investigations in April, he was bound by the letter of the law to conclude them in 270 days – approximately nine months. The president assured everyone they wouldn’t need that long, and was transparent about what the outcome would be. “Steel folks are gonna be very happy,” he said in June.

But the steel folks aren’t happy, President Trump. And with good reason: By announcing a big ruling on steel imports was coming and then putting off its outcome – Trump announced in July the ruling would be delayed – the White House has created a window for imports to jump in before it closes. And jump in they have; imports are up more than 21 percent in the first eight months of this year.   

The consequences of this overcapacity problem are long-documented. Only a small amount of steel is produced for defense purposes, it’s true – but it takes a lot of capital and R&D to produce the specialty metals required for military armaments.

If America wants to build its own F-35 jets, tanks, aircraft and troop carriers, it needs a healthy domestic steel industry that help produce them.

But if that industry is run out of business because the state-owned competition in China can’t (or won’t) stop flooding the steel market, America won’t have one.

What's more, that will be felt in local economies wrapped up in the industry’s success, in communities in Illinois, Minnesota, and Indiana.


Reposted from AAM


Photo by Gage Skidmore

Posted In: Allied Approaches, From Alliance for American Manufacturing

Union Matters

An Invitation to Sunny Miami. What Could Be Bad?

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

If a billionaire “invites” you somewhere, you’d better go. Or be prepared to suffer the consequences. This past May, hedge fund kingpin Carl Icahn announced in a letter to his New York-based staff of about 50 that he would be moving his business operations to Florida. But the 83-year-old Icahn assured his staffers they had no reason to worry: “My employees have always been very important to the company, so I’d like to invite you all to join me in Miami.” Those who go south, his letter added, would get a $50,000 relocation benefit “once you have established your permanent residence in Florida.” Those who stay put, the letter continued, can file for state unemployment benefits, a $450 weekly maximum that “you can receive for a total of 26 weeks.” What about severance from Icahn Enterprises? The New York Post reported last week that the two dozen employees who have chosen not to uproot their families and follow Icahn to Florida “will be let go without any severance” when the billionaire shutters his New York offices this coming March. Bloomberg currently puts Carl Icahn’s net worth at $20.5 billion.


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