D Alex wrote:Eh, what do "facts" matter, as long as it sounds good? I'm certain that hundreds of thousands of jobs will be created.......
That pegged my sarcasm detector needle. You don't think it's a good thing to see jobs and production returning to the US? Bringing materials in, and finished goods out, has to add up to more rail traffic than containers of goods made overseas. While we will never return to the way things were 70 years ago, seeing a local serving various industries along the way is far more interesting than watching a mile of identical blue or orange boxes blow past in a minute's time.
I think what's being lost here is appreciation downstream effects of higher steel costs. Sure, you get more jobs in steel, but the price pressure causes losses elsewhere -- for example, in auto manufacturing, appliances, construction, etc. I think trade action on steel was abs. necessary, but I think it should have focused more narrowly on dumping actions, rather than this more heavy-handed approach.