Wilbur Ross Says Tariffs Are Working Despite U.S. Steel Layoffs

The video discusses US Steel's recent announcement of layoffs and dividend cuts, highlighting the impact of tariffs on the US steel industry. It explores the closure of high-cost facilities and investments in modern plants, particularly in Pennsylvania. The discussion also covers the cooperation with GM and Ford to provide employment for displaced workers. The effectiveness of tariffs in boosting capital investment and job creation in the steel and aluminum industries is evaluated. Finally, the potential implementation of tariffs on steel imports from Argentina and Brazil is considered, with a focus on the most effective trade restrictions.

In what ways are GM and Ford involved in the changes happening in the steel industry?

What are the expected outcomes of the tariffs on steel from Argentina and Brazil?