Author Topic: Trump’s tariffs will hurt the 6.5 million U.S. workers at steel-consuming manufacturers  (Read 327 times)

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Offline ABX

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There are about 6.5 million workers at manufacturers that use a lot of steel, but only 140,000 steelworkers, says Moody’s

President Donald Trump’s plan to impose tariffs on aluminum and steel imports is a near-term credit positive for steel producers, but it will hurt steel-consuming manufacturers and their workers, who greatly outnumber steelworkers, Moody’s Investors Service said Friday.
There are about 140,000 steelworkers in the U.S., according to the American Iron & Steel Institute, and about 6.5 million workers in steel-consuming manufacturers, Moody’s analysts wrote in reports published Friday......

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