this post was submitted on 12 Mar 2025
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People who work in the US steel market. Now that new steel tariffs got announced this morning, what's going on and what are the emotions in the steel industry as of now? (lemmy.dbzer0.com)
submitted 18 hours ago by Blaze@lemmy.dbzer0.com to c/ask@lemm.ee
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[–] orcrist@lemm.ee 3 points 4 hours ago

Things have changed in the past fifty years, though. The Rust Belt is called that for a reason. One doesn't just "ramp up production" and declare victory.

Of course some mine owners might make more money in the future, but others in the industry will be hurt by the recession. And even people who might make money need stability. It takes time to order expensive shit. And Trump flips on tariffs constantly. So investors are likely to proceed cautiously.