U.S. Economic Structures Unable to Support Steel Industry Boom
ANBOUND
With
the Trump administration imposing tariffs on steel and aluminum globally, positive
impact has been clearly felt on the U.S. steel industry. Anbound researchers observed
that the U.S. steel companies committed to heavy-industry bases have invested
in full production. The scenes of smoke billows from steel plants remind one
like China of the past. The recovery of the steel industry will directly generate
benefits for 10,000 to 20,000 America's manufacturing households. Meanwhile, the
current U.S. economic structure is dominated by service industries. The U.S.
steel industry as a symbol of traditional manufacturing may enjoy a short-term
boom, but depart from its economic structure. Whether or not its steel industry
will keep booming, it is questionable.