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Well, I guess it's about time. Lookit, he got to use 20 months of the 3-year tarriff, and now he can end it, without taking any trade hit at all. As I mentioned back then, these things amount to a stalling tactic.
Anyway, the steel industry got a 20 month breather. For the plants that couldn't turn things around in that time, I'm glad to see them go. Actually, I'm currently working on a deal where a foreign company is buying a small defunct steel company and hauling all the equipment out of the US. Good, I guess -- take our blight and dump it on someone else.
The steel industry is suffering the "damned union" problem. If it can't figure out how to deal with the damned unions, it will end up extinct like the seamsters' industry. We should spend a few tax dollar funding unions in other countries to bring up labor standards. And, we should start busting unions here because at some point, they become a behemoth that prevents a company from firing crappy/lazy workers and props up stupid wages (I'll be kind and not mention what a senior ironworker makes). Yes, I know this sounds like conflicting advice, but once you've got minimum wage laws, overtime pay laws, and OSHA in place, unions become a largely-superfluous construct that just sends big bucks to political parties and gives high-paid union execs. an excuse to exist.
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