The Trump tariff twist that’s cost U.S. Steel $5.5 billion.

Since President Trump announced tariffs on foreign steel 16 months ago, U.S. Steel has lost almost 70% of its market value.

https://t.co/5kubL6RIiS

— jhwygirl (@jhwygirl) July 8, 2019

The Trump tariff twist that’s cost U.S. Steel $5.5 billion - LA Timeshttps://t.co/OXEo2zCyfA

— Open Outcrier (@OpenOutcrier) July 8, 2019

Remember when Trump was going to bring US steel back?https://t.co/Ecj6FzGkVU

— Pine Mountain (@PineMountain84) July 8, 2019

Interesting conclusions: 1. Adding capacity without creating the requisite demand comes back to hurt. 2. Protectionism is like steroids and gives a false sense of bravado to add capacity. 3. Electric Arc Furnace based steel mills…https://t.co/EmWDIq7Bzm https://t.co/M22h8gyygN

— World of Steel (@worldofsteel) July 8, 2019

Good, and easy to win... "Since Trump announced the tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value, or $5.5 billion, and idled two American furnaces that couldn’t be run profitably at the lowest prices since 2016." https://t.co/YZGcQdEsS7

— Joshua Holland ? (@JoshuaHol) July 8, 2019

Since Trump announced the steel tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value, or $5.5 billion, and idled two American furnaces in mid-June that couldn’t be run profitably. https://t.co/tGMrqpEKtm

— Lisa Abramowicz (@lisaabramowicz1) July 8, 2019

Since Trump announced steel tariffs 16 months ago, U.S. Steel has lost nearly 70% of its market value. It idled two unprofitable American furnaces in June. https://t.co/03IFMIekTI via @markets

— Benn Steil (@BennSteil) July 8, 2019

2-The Trump Tariff Twist That Has Cost U.S. Steel $5.6 Billion. Again US Steel has not lost $5.6B as misleading headline suggests. Changes in market value r not losses in revenue or profits. Earnings have improved significantly from tariff & other actions. https://t.co/QZwwHqcP40

— Dan DiMicco (@DanRDimicco) July 8, 2019

Hog cycle: Trump’s tariffs had paradoxical effect in expanding supply of steel and prompting modernization at expense of US Steel the largest incumbent with out of date blast furnaces. It has lost 70% of its market value since tariffs announced!https://t.co/CH30f1yXV4 pic.twitter.com/luWqTuDnXT

— Adam Tooze (@adam_tooze) July 8, 2019

1-#Steel tariffs r working as planned 2 reduce imports but they need 2 come down even more.Continued cheating via transshipment thru 3rd countries & deliberate mis-identification have reduced their effectiveness. Bloomberg Headline misleading as usual! https://t.co/QZwwHqcP40

— Dan DiMicco (@DanRDimicco) July 8, 2019

Curious whether steel workers in Illinois have changed their thinking about Trump after tariffs cost U.S. Steel $5.5 Billion. Competitiveness needs investment, innovation and green modernisation (repurpose, reuse, recycle) not bailouts, subsidies & tariffs https://t.co/zjzmzZvUJK

— Mariana Mazzucato (@MazzucatoM) July 8, 2019

“Since Trump announced the tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value, or $5.5 billion, and idled two American furnaces in mid-June that couldn’t be run profitably at the lowest prices since 2016.” https://t.co/LYfNbx1ItU

— Alex Ward (@AlexWardVox) July 8, 2019

Hmmm. This sounds like the #Trump #metals #tariffs helped fuel the process of creative destruction. Which #freemarket types are supposed to like: https://t.co/nKqz1GS0DD #steel #trade #manufacturing Cc @DanRDimicco

— (((Alan Tonelson))) (@AlanTonelson) July 8, 2019

Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help https://t.co/iFIl7EksHn via @markets #TradeWars #USSteel #Veterans

— cowboytexas??? (@cowboytexas) July 8, 2019

The Trump Tariff Twist That Has Cost U.S. Steel $5.6 Billion - Bloomberg https://t.co/Oe5GccUmKL

— Bud (@BudGothmog44) July 8, 2019

REALITY CHECK: Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help https://t.co/1brwUrlhyu @matt_townsend @JoeDeaux via @markets

— Mike Dorning (@MikeDorning) July 8, 2019

"Since Trump announced the tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value..." https://t.co/agfFHPISy0

— Nomi Prins (@nomiprins) July 8, 2019