This Steel Industry Giant Says It Could
Restore 10,000 Jobs in the U.S.
http://fortune.com/2016/12/08/united-states-steel-restore-jobs/
Updated: Dec 08, 2016 9:25 AM UTC
United States Steel could be looking at restoring up to 10,000 jobs in the United States, Chief Executive Mario Longhi told CNBC, without
providing a timeline for the additions. "I'm more than happy to bring back the employees that we were forced to lay off during the
depressing period," Longhi said in an interview on CNBC.
During his election campaign, President-elect Donald Trump emphasized his desire to renegotiate trade deals and restore jobs, while
also stressing for the next generation of production to happen in the United States, including "producing steel."
U.S. Steel (x) has cut jobs and idled plants in the country as it tried to keep a lid on costs to tackle a steep fall in steel prices due to a global surplus.
The company had about 21,000 employees in North America as of Dec. 31, down from about 28,000 in 2007.
"Market conditions will dictate if, when and how many employees we can recall," a U.S. Steel spokeswoman told Reuters on Wednesday.
The steelmaker is hoping to accelerate its investments in the U.S. in near future as improvements to regulation and tax laws would
significantly drive growth, Longhi said in the CNBC interview.Trump put forth a plan in September to simplify the tax code and slash the
corporate tax rate to 15% from 35%.
Investors have put fresh bets on steel company shares on a positive sentiment in the industry that has been fueled by the Nov. 8 election.
U.S. Steel's shares, which closed up 4.3% at $37.49 on Wednesday, have risen 79% since Trump's victory.
"I have not felt an environment of positive optimism, where forces are converging to provide for better environment in quite a while," Longhi
was quoted as saying in the interview. The steelmaker is hoping to accelerate its investments in the U.S. in near future as improvements to
regulation and tax laws would significantly drive growth, Longhi said in the CNBC interview.
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Premier Valdimir Putin
Guest Of President George Bush Jr.
At Crawfordville TX
Vladimir Putin Phones Donald Trump
to Discuss Russia-US - NBC News
How Donald Trump Could Normalize Relations With Russia and ...
Nov 14, 2016 - Vladimir Putin and Donald Trump agreed to "normalize" the increasingly tense relationship between Russia
and the U.S. through trade and the "principles of equality," the Kremlin said in a statement Monday.
The Russian president and the American president-elect spoke by phone, the statement said, adding that Putin called
to again congratulate Trump and wish him "success in implementing the election agenda."
Related: Kremlin Says Russian Experts Met Trump Staff; Campaign Denies It
Trump's transition team confirmed the call, stating that the pair discussed "a range of issues, including the threats and challenges
facing the United States and Russia." The statement added that Trump "is very much looking forward to having a strong and enduring
relationship with Russia and the people of Russia."[Putin Congratulates Trump, Wants to Revive Relations]
Putin Congratulates Trump, Wants to Revive Relations 0:57
According to the Kremlin, Trump and Putin agreed on "the extremely unsatisfactory" state of relations between the two countries and said
they would work "to normalize them and bring them to the framework of constructive cooperation. Stressed was, among other things, the
importance of the creation of a stable foundation for bilateral relations by developing their trade and market component."
Citing the Russian leader, the Kremlin statement added that this new relationship will be based "on the principles of equality, mutual
respect and respective non-involvement in the other party's domestic affairs."
The statement from the Russians said that Putin and Trump agreed on combating "global enemy number one" — international terrorism and extremism.
Related: China Offers Trump 'Positive and Open Attitude Toward Cooperation'"To that end, they also discussed the Syrian settlement,"
the statement said without providing additional details.Officials are now working to arrange a personal meeting between the two leaders, the statement said.
Russia played an outsize role in the presidential campaign, with U.S. officials and cyber security experts saying they were certain state-sponsored
Russian hackers targeted Democratic National Committee email servers. During a campaign stop in Florida earlier this year, Trump publicly
asked Russia to "find" emails that he said had gone missing from Hillary Clinton's email server.
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Trump's 7 Steps to Bring Back U.S. Jobs
http://www.foxbusiness.com/politics/2016/06/28/trumps-7-steps-to-bring-back-u-s-jobs.html
In the wake of Britain’s vote to leave the European Union, presumptive Republican presidential nominee Donald Trump slammed
what he described as America’s shift toward globalization and laid out his seven-step plan for economic reassurance during a speech Tuesday.
"Our politicians have aggressively pursued a policy of globalization -- moving our jobs, our wealth and our factories to Mexico and overseas,"
Trump said at an aluminum recycling plant in Monessen, Pennsylvania. "Globalization has made the financial elite who donate to politicians very,
very wealthy. I used to be one of them. Hate to say it, but I used to be one of them.”
Trump said America changed its policy by switching from promoting growth within to manufacturing abroad.
“We allow foreign countries to subsidize their goods, devalue their currency, violate their agreements, and cheat in every way imaginable
and our politicians did nothing about it,” he said.The business mogul said the U.S.’ dependency on foreign countries restricts it from economic
prosperity and calls for reversing “two of the worst legacies of the Clinton years,” the North American Free Trade Agreement (NAFTA) and China’s
entry into the World Trade Organization (WTO).
“America has lost nearly one-third of its manufacturing jobs since 1997 - even as the country has increased its population by 50 million people,” Trump said.
Trump attacked the presumptive Democratic presidential nominee Hillary Clinton for supporting the free trade deals signed by former President Bill Clinton.
“NAFTA was the worst trade deal in history, and China's entrance into the World Trade Organization has enabled the greatest jobs theft in history,” he said.
According to Trump, the quickest way to bring back jobs to America is by renegotiating existing trade deals and penalize countries like China who Trump
says have been dealing unfairly with the U.S.
Here are seven steps Donald Trump would pursue to bring back jobs:
Withdraw the United States from the Trans-Pacific Partnership
Appoint the toughest and smartest trade negotiators to fight on behalf of American workers.
Direct the Secretary of Commerce to identify every violation of trade agreements a foreign country is
currently using to harm our workers, then direct all appropriate agencies to use every tool under American and international law to end those abuses.
Tell NAFTA partners I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers. If they do not agree
to a renegotiation, then I will submit notice under Article 2205 of the NAFTA agreement that America intends to withdraw from the deal.
Instruct Treasury Secretary to label China a currency manipulator. Any country that devalues their currency in order to take advantage of the United
States will be met with sharply
Instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the WTO. China's unfair subsidy behavior
is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules.
If China does not stop its illegal activities, including its theft of American trade secrets, I will use every lawful presidential power
to remedy trade disputes, including the application of tariffs consistent with Section 201 and 301 of the Trade Act of 1974 and Section
232 of the Trade Expansion Act of 1962.
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