Trump’s Tariffs Revived a Steel Town, But Industry Is Unforgiving

(Bloomberg) — Michael Antoff can thank President Donald Trump and his tariffs for the chance to spend his retirement living by the Lake of the Ozarks, goofing around with his two grandchildren.In 2015, when U.S. Steel Corp.’s hulking mill in Granite City, Illinois, went dark, Antoff still needed 11 months of service to lock in his pension. He scraped by with odd jobs that paid a third of his former salary for two anxious years. Then, in March 2018, Trump put 25% duties on imported steel, the plant rekindled its two blast furnaces and Antoff returned to the line.Yet Antoff’s …read more

Source:: Yahoo Finance

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