By Joe Williams Published January 29, 2019 Trade War FOXBusiness Facebook Twitter Comments Print video U.S. Steel CEO praises Trump’s tariffs “Bulls & Bears” panel discusses how President Trump’s tariffs have impacted U.S. Steel. The U.S. steel industry is booming months after President Trump imposed double-digit tariffs on the metal, but the surge comes at the expense of other industries paying millions more in costs as a result of the duties. Continue Reading Below At Nucor Corp., the nation’s largest steel manufacturer, 2018 profits were a record $2.3 billion, or $7.42 per share, a 24 percent increase over the prior record reached in 2008. Sales at the Charlotte, N.C.-based company grew 23 percent last year to $25 billion, it said on Tuesday. "The best way to sum up 2018 is this -- it was a record year for Nucor. We posted record earnings per share and record revenue, and we shipped a record … [Read more...] about Steelmakers hit record profits under Trump tariffs, other industries suffer
Jobs added under trump
WASHINGTON — President Donald Trump can't seem to get his facts straight when it comes to the Russia investigation. Facing pressure as his former advisers are caught lying by special counsel Robert Mueller, Trump is launching fresh attacks on the probe as politically biased and Mueller as hopelessly "conflicted." This runs counter to ethics experts in Trump's Justice Department who concluded that Mueller — a Republican — could fairly lead the probe into possible coordination between the Trump campaign and Russia during the 2016 election. Trump also suggests that the crimes of his longtime lawyer, Michael Cohen, have "nothing" to do with him. That's also wrong. Cohen was the first to implicate the president in open court of a crime. Last week, Cohen also pleaded guilty to lying to Congress about his efforts during the 2016 campaign to line up a Trump Tower Moscow project, saying he did so to align with Trump's "political messaging." Meanwhile, Trump displayed a … [Read more...] about AP FACT CHECK: Trump’s mangled truths on Russia probe, Cohen
WASHINGTON — President Donald Trump floated the idea this past week of using tariffs to make America rich, as if these taxes are a pipeline of cash from Asia, which they're not. He displayed a slippery grasp of science as well as trade policy as he set about trying to discredit his White House report on climate change. And his description of a manufacturing revival, as if created by a wave of his "magic wand," was a sleight of hand. Trump's penchant for misstatements did not stop with his own rhetoric. He spread around to his millions of Twitter followers a wildly false claim that people in the country illegally get more aid from the federal government than Americans get in Social Security benefits. The supposed evidence for that was a single instance of the government helping a refugee family — the Canadian government, assisting refugees in Canada. A look at some of his recent statements, complete with grammatical Twitter errors, and how they compare with the facts: TRADE … [Read more...] about AP FACT CHECK: Trump’s thin grasp of trade, science policy
Friday’s jobs report came in stronger than expected, with the best wage growth since 2009. Republicans are jumping all over the report, using it as proof the economy is humming ahead of Tuesday’s midterm elections. Friday’s jobs report just gave President Donald Trump and Republicans a little extra ammunition heading into the home stretch of the midterm election season. The report was strong across the board. The addition of 250,000 jobs in October, well above economists expectations of 200,000 jobs added, also came with the strongest wage growth since April 2009 with average hourly earnings increasing at a 3.1% pace year-over-year. Republicans pointed to the strong wage and job growth numbers as proof that the party’s tax cuts and economic policies had helped grow the economy. “While Democrats again this week pledged to raise taxes on hardworking Americans and take more money away from Main Street businesses, Republicans know our workers deserve a … [Read more...] about This was the perfect jobs report for Trump and the GOP
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByShane Goldmacher Oct. 7, 2018 When Charles Myers, the chairman of a financial advisory firm, hosted four relatively unknown Democratic congressional candidates at his Midtown Manhattan home last month, he netted more money than he can remember collecting from an event that wasn’t headlined by a presidential candidate. “More than ever in my 26-year career on Wall Street, donors are willing to look way beyond concerns of overregulation from Democrats,” said Mr. Myers, a longtime Democratic fund-raiser. They just want to elect “Democrats to serve as a check” on President Trump. The stock market may be booming. Unemployment is hitting record lows. Republicans pushed through $1.5 trillion in tax cuts. But despite all that, for the first time in a decade, the … [Read more...] about Wall Street Is Booming Under Trump. But Many of Its Donors Are Embracing Democrats.