Drudge Retort: The Other Side of the News
Friday, January 18, 2019

Our Steel Industry is the talk of the World," President Trump tweeted in September. "It has been given new life, and is thriving." Yet nearly a year after Trump slapped tariffs on imported steel, the U.S. steel industry is not thriving. It is reeling. Steel prices have fallen back to pre-tariff levels. Employment is stagnant. The clearest sign that tariffs are not working, however, is the stock market. If the president's policies were working as planned, the steel industry should outperform other sectors. Yet as the graphic above shows, since Trump announced steel tariffs on March 1, 2018, steel-producer stock prices have plummeted 22 percent -- while the S&P 500 index has fallen only three percent.



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I was talking to a ******* (an uneducated dolt) I know in Lowes the other day and he was looking at some pieces of metal for some project he had going. He commented on how high metal prices had become.

Now, normally, I take this opportunity to curse him for voting for Trump, because i assume all the ******* voted for Trump. I just said, 'you can thank your boy Trump for that'. He actually said, and I am not making this up, 'I know, I regret voting for that S.O.B.'.

#1 | Posted by kudzu at 2019-01-20 01:02 PM | Reply

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Drudge Retort