Under Trump, made in America is losing out to Russian steel

[Jacque67 7,328]

Ten months after his Keystone event, Trump has yet to deliver on his pledge to boost the fortunes of American steel. Two self-imposed deadlines for trade action, one in June and one in July, have come and gone. Meanwhile, the prospect of tariffs has led to a surge of cheap foreign steel into the U.S., with imports rising 24 percent in 2017, the fastest increase in years.

 

As federal and congressional investigators probe Moscow’s interference in the 2016 U.S. election, Evraz North America shows that Russians are also involved in pressing against one of Trump’s main campaign promises. The company is a wholly owned subsidiary of Evraz Plc, Russia’s second-largest steelmaker. It has two factories in the U.S., in Colorado and Oregon, and four in western Canada, where it produces steel and large-diameter steel pipe. The company’s top shareholder is Roman Abramovich, a billionaire who owns 31 percent of Evraz’s stock. In 2005 he was the first oligarch allowed to sell his oil company to the state, taking in $13 billion in a deal approved by Vladimir Putin.

 

Abramovich’s ties to the Trumps stem from a decade-long friendship between Ivanka Trump and Abramovich’s wife, Dasha Zhukova, from whom he announced a separation in August. Jared Kushner and his brother, Joshua, invested in Zhukova’s art collection business. The Russian couple hosted Ivanka and Jared in Russia in 2014, when they shared a table at a fundraiser for Moscow’s Jewish museum. Zhukova went to the 2016 U.S. Open tennis tournament with Ivanka and attended Trump’s inauguration as Ivanka’s guest.

[Jacque67 7,328]

https://www.bloomberg.com/news/articles/2017-10-25/under-trump-made-in-america-is-losing-out-to-russian-steel

 

oh my.

[natty bumppo 297]

buy it cheap ... stack it deep

prices may be going up in the future

[jg121783 3,921]

Still on the Russia conspiracy theory?

[Jacque67 7,328]

1 hour ago, natty bumppo said:

buy it cheap ... stack it deep

prices may be going up in the future

Yeah.  Ivanka says the same.

 

https://www.nytimes.com/2017/06/01/business/ivanka-trump-china-shoes-factory-hours.html

 

maga.

[The Nature Boy 7,659]

9 hours ago, jg121783 said:

Still on the Russia conspiracy theory?

Its almost comical. What are the 4 stages of grief 

 

Edited October 26, 2017 by Nature Boy Flair