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COMING UP:Share Opener Variant 3

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Transcript

00:00:00
>> This Pennsylvania steel mill is humming along. But that activity masks the anxiety felt on the plant floor.>> To lose your job again, and go through this again. This would be my third time doing this, if I was to lose my job. So, it's a blow.>> It's heart breaking, cuz I voted for Trump.
00:00:17
I honestly believed in him. I thought that he was the guy that could change everything.>> President Trump says the 25% tariff he assigned to imported steel that's set to go into effect later this month, will protect workers by stopping a glut of foreign supply from hurting prices.
00:00:33
But Reuters correspondent Nick Carey learned that tariffs come with a consequence for some.>> The problem is that some of the steel industry is forced to use raw materials that come from outside the United States, such as NLMK, which has a steel mill here in Farrell, Pennsylavania. They use only imported slabs of steel, because they cannot source slabs of steel domestically.
00:00:59
And without this steel, this company won't be able to operate. And with a 25% tariff, they say that their customers are not going to pay that, which means that anywhere up to about 1,200 people here, and in Indiana, could be out of work. America doesn't make enough steel to go around, so companies like NLMK are forced to turn imported steel into the rolls it sells to customers like Caterpillar, Deer, Harley-Davidson, and Home Depot.
00:01:29
The tariffs now put NLMK at a cost disadvantage, that can ripple through the manufacturing supply chain, and beyond.>> Manufacturing jobs like the ones here support many other jobs in the community. So, if this plant goes down, it will affect workers throughout this valley, and also the community itself, because NLMK is the largest contributor to the tax base in Farrell, Pennsylvania.
00:01:55
>> And that pits Trump's tariffs against Trump's voter base.>> I did vote for Trump. He says he's going to be fair and flexible with these tariffs he's putting on. But he's putting us out of work.>> Lawmakers from Trump's own party fear a blowback. But he thinks it will play well in steel country, and went there Saturday to support a Republican candidate.