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

EXCERPT:

BESSENT: “I have a prediction on how much it's going to impact the steel industry. And, you know, we -- again, we'll see. There are a lot of elasticities that – you know, this is a very complicated ecosystem. So is it going to impact the construction industry? Maybe. But it's going to impact the steel industry the -- in a great way. The steelworkers, again, were left on the side of the road after the China shock, and now they're back, that the -- they are Trump supporters.”