Chinese Steel, Tariffs, and Sustainability
The Rise and Fall of an Industrial GiantThe lack of tariffs on foreign steel led to the downfall of American steel. We watched as plants closed and people lost their jobs amid a significant decline in the domestic industry's global competitiveness.Augustus Wolle founded the Saucona Iron Company in 1857 in Saucon Valley, Pennsylvania. The company moved to Bethlehem in 1861 and rebranded as Bethlehem Steel Corporation in 1903 under Charles Schwab’s presidency. Schwab elevated the company to new heights, making it a manufacturing juggernaut instrumental in shaping American infrastructure…
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