Bessent on Steel Tariffs: It’s Going to Impact the Steel Industry in a Great Way

BRENNAN One of the ░░░░░░░░ the president said on ░░░░░░░░ is that he s ░░░░░░░░ to double the tariffs ░░░░░░░░ steel and aluminum up ░░░░░░░░ 50 percent effective June ░░░░░░░░ 4th How much will ░░░░░░░░ impact the construction industry ░░░░░░░░ Well I think I ░░░░░░░░ with the president at ░░░░░░░░ U S Steel plant ░░░░░░░░ Pittsburgh on Friday and ░░░░░░░░ will tell you that ░░░░░░░░ president has the reignited ░░░░░░░░ steel industry here in ░░░░░░░░ And back to the ░░░░░░░░ statements on national security ░░░░░░░░ are national security priorities ░░░░░░░░ for having a strong ░░░░░░░░ industry BRENNAN But do ░░░░░░░░ have a prediction on ░░░░░░░░ much it s going ░░░░░░░░ impact the construction industry ░░░░░░░░ example BESSENT Well I ░░░░░░░░ have a prediction on ░░░░░░░░ much it s going ░░░░░░░░ impact the steel industry ░░░░░░░░ you know we again ░░░░░░░░ ll see There are ░░░░░░░░ lot of elasticities that ░░░░░░░░ know this is a ░░░░░░░░ complicated ecosystem So is ░░░░░░░░ going to impact the ░░░░░░░░ industry Maybe But it ░░░░░░░░ going to impact the ░░░░░░░░ industry the in a ░░░░░░░░ way The steelworkers again ░░░░░░░░ left on the side ░░░░░░░░ the road after the ░░░░░░░░ shock and now they ░░░░░░░░ back that the they ░░░░░░░░ Trump supporters And when ░░░░░░░░ tell you that it ░░░░░░░░ magic in the arena ░░░░░░░░ it was actually at ░░░░░░░░ steel plant that night ░░░░░░░░ these hardworking Americans know ░░░░░░░░ jobs are secure BRENNAN ░░░░░░░░ BESSENT there s going ░░░░░░░░ be capital investment and ░░░░░░░░ number of jobs is ░░░░░░░░ to be grown around ░░░░░░░░ country whether it s ░░░░░░░░ Pittsburgh whether it s ░░░░░░░░ Arkansas whether it s ░░░░░░░░ Alabama.”