U.S. Steel Corp. plans to permanently idle a giant plant in the Detroit area and lay off up to 1,545 workers as steelmakers face large financial losses despite President Donald Trump’s boasts that he “saved” the steel industry.
U.S. Steel CEO David Burritt praised Trump’s tariffs on imported steel after the company announced it would rehire workers and restart two blast furnaces last year. Earlier this year, Trump bragged that he “not only saved this important industry, but created many jobs” with his steel tariffs.
Just months later, U.S. Steel announced that it would idle a plant outside of Detroit and lay off as many as 1,545 employees, Bloomberg News reported on Friday. The company already laid off 200 Michigan workers earlier this year.